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DAILY PREDICTION

Advice for – Friday, January 7, 2011

Last Trading Session: Exactly as EquityPandit predicted that market would open flat with positive bias but would see profit booking, Market exactly followed the same path. Finally market managed to end with negative trends just above EquityPandit given support levels of 20180 for Sensex.

 

Today: Technically, Market looks weaker and can even see 6000 levels for Nifty but short covering can be seen anytime. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.  

 

BSE Sensex: (20185) The support for the Sensex is 20055-19950 and the resistance to the up move is at 20310-20500.

                                    

NSE Nifty: (6045) The support for the Nifty is at 6030-6005-5960 and the resistance to the up move is at 6100-6130-6158.

 

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