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 would see a rangebound movement with 5800 as strong support for Nifty and 19620 for Sensex and exactly same happened. Market saw flat opening and moved down sharply but saw lows exactly near EquityPandit’s predicted support levels of 5800 for Nifty and 19620 levels for Sensex. Finally, market recovered and closed green for the day.
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 movement, 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 and hence, once Nifty breaches 5800 levels and managed to stay below that, traders should initiate short positions. 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: (19804) 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: (5850) 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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