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 gap positive and Nifty would see strong resistance at 5972 levels whereas strong support would be seen at 5800 levels for Nifty and exactly same happened. Market opened gap positive as per EquityPandit’s predictions. Market moved up but saw strong resistance near EquityPandit’s predicted resistance of 5972 levels for Nifty and 20072 levels for Sensex. Market saw a downfall from there due to higher inflation numbers but saw strong support right on EquityPandit’s predicted support levels of 5800 like a dot and managed to close above 5800 levels for Nifty.
Today: Indian Stock Market to open flat. Analysis would still remain same. 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. Technically, Nifty would see immediate support at 5800 levels and breaching which, with volumes, Nifty can see a target of 5688 levels for Nifty and hence, once Nifty breaches 5800 levels and managed to stay below 5800 levels for Nifty, traders should initiate short position. 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: (19742) 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: (5841) 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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