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DAILY PREDICTION

Advice for – Wednesday, November 16, 2011

EP-F&O Special package gave huge profits of Rs.6,000/- on one lot traded on one call given to all its subscribers on last trading session, even when market was deep negative.

                                  

 

Last Trading Session:  Exactly as predicted by EquityPandit that Market will open negative with 15 points for Nifty and 60 points  for Sensex and would see support at 5060 for Nifty and 16800 for Sensex and exactly same happened. Market opened flat with negative bias with exactly 15 points down for Nifty and 60 points down for Sensex as predicted by EquityPandit like a dot. Market tanked from there as predicted that market would be in troubled structure for prolonged period. Market saw support at EquityPandit’s predicted support levels of 5060 for Nifty like at dot. Finally market closed in Negative just near our support levels.

                         

Today: Market likely to open flat with negative bias due to France Debt crisis fears. Technically, now the next strong support exists at 5000-4980 for Nifty and immediate support exist at 5052 for Nifty. Now Market is weak and can slide down to 4980 levels for Nifty but since it is just above its immediate support, so probably, it may see a short covering session from here as it is over stretched. As suggested yesterday that traders can go short until 5225 levels are breached on positive side for Nifty, which might have given good profits to all traders. But now traders are suggested to wait for a day as bounce back can be seen, if Nifty don’t fell below 5040 levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (16883) The support for the Sensex is 16828-16744-16608 and the resistance to the up move is at 17085-17113-17280

                                           

NSE Nifty: (5069) The support for the Nifty is at 5060-5000-4980 and the resistance to the up move is at 5142-5225.

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