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DAILY PREDICTION

Advice for – Wednesday, December 22, 2010

Last Trading Session: As EquityPandit predicted that market would see upmove until it holds 5940 and same happened. Market has seen resistance just near our predicted resistance level of 6020. Market ended in green region.

 

Today: Technically, still market trend looks positive. Market looks positive until it holds 5940 for Nifty.But now since market is near its resistance levels, Profit booking can take place anytime, so just be cautious. But Investors don’t have to worry at all and keep on investing at every downtrend as suggested earlier also near 5750 levels of Nifty. Investors who have already invested should keep patience as the upmove is sure to happen. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.  

 

BSE Sensex: (20060) The support for the Sensex is 19900 and the resistance to the up move is at 20220.

                                    

NSE Nifty: (6001) The support for the Nifty is at 5940 and the resistance to the up move is at 6050-6124.

 

 

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