Advice for – Wednesday, January 1, 2014

EquityPandit Team Wishes our all subscribers and readers a Very Happy New Year.

Last Trading Session: Exactly as per EquityPandit’s Predictions, Nifty opened flat to positive but could not sustain at those levels. Nifty remained in 15 points range throughout the day. Market volumes were down almost 50% due to holiday season. Overall it was a no trading day & Nifty managed to closed above 6300 mark. Nifty remained rangebound between EquityPandit’s predicted resistance and support levels of 6330 and 6280 respectively.

Today: Nifty will open mildly positive and analysis would remain same. Below 6250 nifty will lose its uptrend. Till then, nifty uptrend would remain intact. Market direction would be confirmed tomorrow as today most of the market around the globe are closed due to holiday season. So today also we are expecting flat movement with light volumes. Nifty would see strong support at 6280-6250 whereas strong resistance would be seen at 6330-6350. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (21170) The support for the Sensex is at 21000-20950 and the resistance to the up move is at 21400-21350 levels.

NSE Nifty(6304) The support for the Nifty is at 6280-6250 and the resistance to the up move is at 6330-6350 levels.

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