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DAILY PREDICTION

Advice for – Thursday, October 20, 2011

Last Trading Session:  Exactly as predicted by EquityPandit that market would open marginally positive with 20-30 points for Nifty but would see short covering (Positive trends) at these levels with  5140 as strong resistance for Nifty and 17086 as strong resistance for Sensex and exactly same happened. Market opened positive with 40 points for Nifty and saw short covering (Positive trends) from there. Market closed exactly on EquityPandit predicted resistance levels like a dot i.e 17086 for Sensex and 5140 levels for Nifty, What a coincidence !

                         

Today: Market likely to open negative. Technically, Indian Stock market is in consolidated region and may see some profit booking from higher levels. Nifty posses strong support at 5100-5040 levels and strong resistance at 5175-5205. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (17086) The support for the Sensex is 16770-16667 and the resistance to the up move is at 17190-17247-17358.

                                           

NSE Nifty: (5140) The support for the Nifty is at 5100-5040 and the resistance to the up move is at 5175-5205.

Profit Note: EP-F&O Special package gave profits of Rs.7,250/- on one lot traded per call  to all its subscribers on last trading session.

 

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