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DAILY PREDICTION

Advice for – Thursday, September 08, 2011

 

Profit Note: EP-F&O Special package gave profits of Rs.6,000/- on one lot traded for 1 calls given  to all its subscribers on last trading session.

 

Last Trading Session: Exactly as predicted by EquityPandit, that market would open positive with 30+ points for Nifty and 110+ points for Sensex and would see some resistance at 5120 and then breach the levels of 5120 and would remain in levels of 5120-5200 and exactly same happened. Market opened positive with exactly EquityPandit’s predicted levels of 30+ for Nifty and 110+ levels for Sensex like a dot. Market saw resistance to breach levels of 5120 as predicted and finally closed in the levels between 5120-5200 near to resistance of 5120, which was exactly as per yesterday’s prediction of EquityPandit.

                         

Today: Market likely to open flat. Technically, market should still see some more upmove. Next resistance for Nifty is 5200-5250 and support would be 5085-5000. 5250 is the levels for Nifty, which if breached, than market can see sharp upmoves. Traders can still trade long until 5085 holds for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (17065) The support for the Sensex is 16920-16700 and the resistance to the up move is at 17256-17358.

                                           

NSE Nifty: (5124) The support for the Nifty is at 5085-5000 and the resistance to the up move is at 5200-5250.

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