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DAILY PREDICTION

Advice for – Thursday, October 13, 2011

Profit Note: EP-F&O Special package gave profits of Rs.12000/- on one lot traded per call  to all its subscribers on last trading session.

                                  

 

Last Trading Session: Exactly as predicted by EquityPandit, that market would react to Infosys numbers and would see resistance at 5100 for Nifty and 16985 for Sensex and exactly same happened today. Market opened positive with positive note of Infosys Q2 results and moved up as expected. Market saw high and closed exactly at EquityPandit’s predicted resistance levels of 5100 for Nifty like a dot. Sensex also saw high exactly on EquityPandit’s predicted resistance levels of 16985 like a dot.

                         

Today: Market likely to open positive with 40-60 points for Nifty and 120-150 points for Sensex. Technically, market is still strengthen and now posses strong support at 5025 levels for Nifty. Market likely to see resistance at 5175-5200 levels for Nifty. Overall market is positive and traders can go long until 5025 holds for Nifty taking care of 5175 levels on the upper end. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (16958) The support for the Sensex is 16667-16770 and the resistance to the up move is at 17247-17358.

                                           

NSE Nifty: (5100) The support for the Nifty is at 5025 and the resistance to the up move is at 5175-5200.

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