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DAILY PREDICTION

Advice for – Thursday, January 6, 2011

Last Trading Session: Exactly as EquityPandit predicted that market would open in some negative region and profit booking would be seen during second half of trading session. Market exactly followed the same path. Finally market managed to end with sharp negative trends. Market exactly saw a strong support at equitypandit predicted resistance levels of 6058 levels for Nifty.

 

Today: Market likely to open flat with positive bias. Technically, market is in consolidated region. Since market closed week but strong support exists at 6058 and 6030 for Nifty, so there is chance that market may revert from these levels. 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: (20301) The support for the Sensex is 20180 and the resistance to the up move is at 20574-20650.

                                    

NSE Nifty: (6080) The support for the Nifty is at 6058-6030 and the resistance to the up move is at 6185-6205.

 

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