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DAILY PREDICTION

Advice for – Friday, September 23, 2011

Profit Note: EP-F&O Special package gave profits of Rs.9000/- on one lot traded per call  to all its subscribers on last trading session, even when market cracked.

 

Last Trading Session: Exactly as predicted by EqutyPandit that Market will see negative opening with atleast 70 points for Nifty and 250 points for sensex and same happened. Market opened negative with exact 250 points for Sensex and 70 points for Nifty. Market saw some support at EquityPandit’s predicted support levels of 5000-4950 for Nifty but then a panic selling took place which forced market to breach these support level and market cracked with ending around 4924 levels for Nifty.

                         

Today: Market likely to open negative with atleast 80+ points for Nifty and 250+ points for Sensex. Technically market is weak and may enter into further panic selling at these levels. Nifty posses support at 4840-4800 levels and resistance at 5000 levels. Short covering may pump in but it would be short lived, until it breach the levels of 5000 for Nifty on positive side.  Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (16361) The support for the Sensex is 15985-15665 and the resistance to the up move is at 16504-16600-16722.

                                           

NSE Nifty: (4923) The support for the Nifty is at 4840-4800-4724 and the resistance to the up move is at 5000.

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