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DAILY PREDICTION

Advice for – Thursday, December 08, 2011

 

Last Trading Session:  As predicted by EquityPandit that Market would open flat with positive bias and market is quite strong now to move up but would see small profit booking in between to strengthen its support levels and exactly same happened Market opened flat and had seen sharp positive movement as per EquityPandit’s prediction near to EP predicted resistance levels, from where it had seen profit booking as expected and overall remained positive throughout the day as expected.

                         

Today: Market likely to open negative with 40-60 points for Nifty and 150-180 points for Sensex. Technically Indian market is still positive and had enough strength to see further positive trends but skepticism to bad financial market in Europe may slide Indian Market down. Market may see profit booking at higher levels due to global worries. Nifty now possess strong support levels at 5007-4980-4930 and resistance would be seen at 5110-5140-5177. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. EP-Basic Package of EquityPandit with high accuracy and consistent daily profits to all its subscribers can generate good profits for traders in this type of Market.

                                                                                                     

BSE Sensex: (16877) The support for the Sensex is 16660-16510 and the resistance to the up move is at 17044-17110-17211.

                                           

NSE Nifty: (5063) The support for the Nifty is at 5007-4980-4930 and the resistance to the up move is at 5110-5140-5177.

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