DAILY PREDICTION

Advice for – Friday, July 18, 2014

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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat. Market saw further positive movement exactly as predicted by EquityPandit. Positive movement was supported by IT sector as well. Market remained rangebound between EquityPandit’s predicted support and resistance levels. FIIs were net buyers of Rs.1912.42 crores in a single day. Finally, Indian Stock Market closed positive for the day. Sensex also saw strong resistance right on EquityPandit’s predicted resistance levels of 25620 like a dot.

Today: Indian Stock Market to open gap negative due to geopolitical issues as MH17 (Malesian Airlines) was shot down by air missile. Technically, some selling would be seen in All global market due to this and Indian Stock Market would also be affected by this. Indian Stock Market would see Strong support at 7600-7530-7480 levels for Nifty whereas resistance would be seen at 7700-7730-7800 levels. Traders should buy near EquityPandit’s predicted support levels and should sell near EquityPandit’s predicted resistance levels in this market for Intraday profits. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Important Q1 Results to be Declared today: CRISIL, HIL, Hindustan Wires, Info Edge India, Reliance Infra, Reliance Power, SKF India, Tata Elxsi, Zee Entertainment.

NSE Nifty: (7640) The support for the Nifty is at  7600-7530-7480 and the resistance to the up move is at 7700-7730-7800 levels.

BSE Sensex: (25561) The support for the Sensex is at 25240-24970-24850 and the resistance to the up move is at 25620-25870-26000 levels.

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