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DAILY PREDICTION

Advice for – Monday, August 01, 2011

Profit Note: EP-F&O Special package gave profits of Rs.31,500 on one lot traded to all its subscribers in last trading session.

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with negative bias and would remain in this consolidated region of 5405-5535 for some time and same happened Market opened flat with negative bias and saw resistance near our resistance levels and ended flat.

                         

Today: Indian Stock Market likely to see gap up opening with atleast 60 points for Nifty and 200 points for Sensex. Market will see sideways movement. Technically, 5465-5405 would be immediate support and 5535-5565 would be immediate resistance for Nifty. Traders can work out with these support and resistance levels.  Now there are chances for market to see short covering (positive trends) after a big selling so investors should consider this as an opportunity to invest.

                                                                                                     

BSE Sensex: (18197) The support for the Sensex is 18005 and the resistance to the up move is at 18440.

                                           

NSE Nifty: (5482) The support for the Nifty is at 5465-5405 and the resistance to the up move is at 5535-5565.

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