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DAILY PREDICTION

Advice for – Friday, July 08, 2011

Last Trading Session: As predicted by EquityPandit that market would open flat and may see reaction due to consolidation but would be positive for investors and same happened. Market opened flat and managed to come out of the consolidation region which avoided reaction and finally market closed exactly above our resistance.

 

Today: Market likely to open positive today. Market closed above EquityPandit’s predicted resistance levels of 5725, hence we can see further upmove. Investors can remain invested for good profits and traders can trade long until 5665 holds.

                                                                                                     

BSE Sensex: (19078) The support for the Sensex is 18950 and the resistance to the up move is at 19250.

                                    

NSE Nifty: (5728) The support for the Nifty is at 5665 and the resistance to the up move is at 5790.

 

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