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DAILY PREDICTION

Advice for – Monday, October 17, 2011

Profit Note: EP-F&O Special package gave profits of Rs.9650/- on one lot traded per call  to all its subscribers on last trading session.

                                  

 

Last Trading Session: Exactly as predicted by EquityPandit, that market would open minutely negative and would see strong resistance at 5175 levels for Nifty and 17096 levels for Sensex and same happened. Market opened minutely negative with 4 points for Nifty, exactly as per EquityPandit’s prediction. Market closed positive at 5132 levels for Nifty and 17083 levels for Sensex, exactly near EquityPandit’s support levels.

                         

Today: Market likely to open positive with atleast 40-60 points for Nifty and 120-150 points for Sensex. Technically, Indian Stock Market looks bullish and posses immediate support at 5100 levels for Nifty and strong support at 5040-5025 for Nifty. Nifty see immediate resistance at 5175 and strong resistance at 5200-5230, breaching which can lead market to 5400 levels for Nifty. Traders are suggest to go long until 5100 levels holds for Nifty. Occasion of Diwali would add further positive trends to the market. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (17083) The support for the Sensex is 16770-16667 and the resistance to the up move is at 17247-17358-17550.

                                           

NSE Nifty: (5132) The support for the Nifty is at 5100-5040-5025 and the resistance to the up move is at 5175-5200-5230.

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