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DAILY PREDICTION

Advice for – Wednesday, October 19, 2011

Profit Note: EP-F&O Special package gave profits of Rs.17,100/- on one lot traded per call  to all its subscribers on last trading session.

 

 

Last Trading Session:  Exactly as predicted by EquityPandit that market would open gap negative with 70-90 points for Nifty and 250-300 points for sensex and would see strong support at 5025 levels for Nifty and 16667 levels for Sensex and exactly same happened. Market was totally replication of EquityPandit’s yesterday’s prediction. Market opened gap down with exactly 70 points for Nifty and saw strong support at 5025 levels for Nifty and 16667 levels for Sensex like a dot.

                         

Today: Market likely to open marginally positive with around 20-30 points for Nifty.Technically, Indian Stock market is week but would see some short covering (Positive trends) at these levels. Definitely profit booking would be poured in at higher levels. Nifty posses strong support at 4960 levels and strong resistance at 5120-5140-5175 Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (16748) The support for the Sensex is 16667-16496 and the resistance to the up move is at 16985-17086-17190.

                                           

NSE Nifty: (5037) The support for the Nifty is at 4960 and the resistance to the up move is at 5120-5140-5175.

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