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 and some profit booking can’t be ruled out but 5800 would still act as strong support level for Nifty and exactly same happened. Market opened flat exactly as per EquityPandit’s predictions. Market saw some profit booking as expected. Market saw strong support exactly near EquityPandit’s predicted support levels of 5800 levels for Nifty.
Today: Indian Stock Market to open positive. Now, market would see a direction only after FED Meeting, which is going to be held on 18th September, 2013 and till then, market would be rangebound with positive bias. Technically, Nifty would see immediate support at 5800 levels and breaching which, Nifty can see a target of 5688 levels for Nifty and hence, once Nifty breaches 5800 levels, traders should initiate short position. For now, traders can go long until Nifty holds 5800 levels. Nifty to see strong resistance 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: (19733) 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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