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Advice for – Tuesday, October 04, 2011

EP-Basic Package provides daily profits between 1500-5000 to all our subscribers on consistent basis on investment amount of Rs.50,000, irrespective of market direction, with high level of accuracy.

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open negative with 70 points for Nifty and 240 points for Sensex and would see support at 4850-4800 levels for Nifty and 16050 levels for Sensex and exactly same happened. Market opened 70 points down for Nifty and 240 points down for sensex exactly as per EquityPandit’s calculations like a dot. Nifty also saw support near EquityPandit’s predicted support levels and closed exactly on 4850. Sensex also saw support exactly at EquityPandit’s predicted support levels of 16050 like a dot. Market remained negative throughout the trading session and closed in deep negative region.

                         

Today: Market likely to open negative. Technically market is weak due to worse global economy. At this level some short covering may be seen but it would not be long lasting as 4950 would act as immediate resistance levels and 5040 would act as strong resistance levels for Nifty. Overall market is weak with 4800 as immediate support and 4720 as strong support for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (16151) The support for the Sensex is 15985-15660 and the resistance to the up move is at 16500.

                                           

NSE Nifty: (4850) The support for the Nifty is at 4800-4720 and the resistance to the up move is at 4950-5040.

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