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DAILY PREDICTION

Advice for – Monday, January 02, 2012

 

Last Trading Session:  Exactly as predicted by EquityPandit that market would open positive and may see some positive movements but overall market would be weak and would slide down, and exactly same happened. Market opened positive and had seen further positive trends but finally market slide down as predicted by EquityPandit. Finally market ended negative for the day.

                         

Today: Market likely to open flat. Technically market is still weak but some positive movements may be seen due to New Year but it would be considered temporary until market breaches levels of 4750 for Nifty. Nifty possess strong support at 4560-4520 levels and strong resistance at 4700-4750. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (15454) The support for the Sensex is 15370-15135 and the resistance to the up move is at 15730-15835.

                                           

NSE Nifty: (4624) The support for the Nifty is at 4560-4520 and the resistance to the up move is at 4700-4750.

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