EquityPandit’s Analyst generated 14.5% profits on total investment amount in last 1 month for all the EP-Wealth Generation Services customers in a trades done on the behalf of its customers.
Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive bias and some profit booking can’t be ruled out now but 5800 would act as strong support for Nifty and exactly same happened. Market opened flat with positive bias exactly as per EquityPandit’s predictions. Market saw strong profit booking but saw strong support at EquityPandit’s predicted support levels of 5800 levels for Nifty. Finally market closed negative for the day. Sensex also closed exactly above EquityPandit’s predicted support levels of 19760.
Today: Indian Stock Market to open flat. Technically, Market is still positive until Nifty holds 5800 levels for Nifty and traders are suggested to trade long until 5800 levels holds for Nifty but once levels of 5800 is breached for Nifty, traders should immediately close long positions and initiate short positions with target of 5688 levels for Nifty. Strong IIP data would further push market in positive side. Some profit booking can’t be ruled out but overall market direction is positive. Nifty to see strong support at 5800 levels, whereas resistance would be seen at 5932-5972-6005 levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (19781) The support for the Sensex is at 19620-19450-19290 and the resistance to the up move is at 20072-20256-20352 levels.
NSE Nifty: (5851) The support for the Nifty is at 5800-5688 and the resistance to the up move is at 5932-5972-6005 levels.
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