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DAILY PREDICTION

Advice for – Thursday, January 20, 2011

Last Trading Session: Exactly as EquityPandit predicted, that 5750 would be a strong resistance for Nifty, and same happened. Market saw a strong resistance at 5750 and went down sharply from there. Market also saw strong support at EquityPandit predicted support level of 5670-5660. Market was very volatile and closed negative.

 

Today: Market likely to see negative opening. Technically, still 5670 would be strong support and 5750 would be a strong resistance for Nifty, once any of these get breached than only direction would be decided until then market looks positive. 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: (18978) The support for the Sensex is 18900 and the resistance to the up move is at 19250-19350-19500.

                                    

NSE Nifty: (5691) The support for the Nifty is at 5670 and the resistance to the up move is at 5750-5800-5835-5885.

 

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