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DAILY PREDICTION

Advice for – Wednesday, September 21, 2011

Profit Note: EP-F&O Special package gave profits of Rs.7,025/- on one lot traded per call  to all its subscribers on last trading session.

 

Last Trading Session: Exactly as predicted by EqutyPandit that Market will see immediate resistance at 5100 and strong resistance at 5150 for Nifty and same happened. Market went strong as volume suddenly increased and saw resistance at 5100 for first half trading session but once it breached those levels for Nifty, it saw strong resistance at 5150 levels for Nifty like a dot and ended at 5140 for Nifty. Sensex also saw strong resistance exactly near EquityPandit predicted levels of 17127 and managed to close at 17099 levels.

                         

Today: Market likely to open flat with negative bias. Technically market looks gaining strength and next resistance for Nifty would be 5200-5267. Nifty now possess strong support at 5000. Market is now in mood of touching 5265 levels for Nifty in days to come. History suggests that Indian Stock Market had always seen positive rally for a month before Diwali. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (17099) The support for the Sensex is 16745 and the resistance to the up move is at 17256-17358-17485.

                                           

NSE Nifty: (5140) The support for the Nifty is at 5000 and the resistance to the up move is at 5200-5267.

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