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DAILY PREDICTION

Advice for – Friday, December 14, 2012

EP-Basic Package is one of the most famous package among Indian traders .

 

Check Why EquityPandit recommends EP-Basic Package

 

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open positive due to Fed Positive move but market would remain rangebound until levels of 5850 is breached on lower side, which would act as support or 5955 is breached on positive side, which would act as resistance and exactly same happened. Market opened positive as expected by EquityPandit. Market saw profit booking at those levels and fell down sharply near EquityPandit’s predicted support levels of 5850 for Nifty. Finally market closed right on EquityPandit’s predicted support levels of 5850 for Nifty like a dot.

 

Today: Technically, market has shown the signs of bearish sentiments and should see further profit booking in days to come. Inflation data would be disclosed today and would be last chance for market to move up. If inflation data would be disappointing then we can see further fall and next target on downside would be 5820-5800-5780 for Nifty. 5906 would act as strong resistance to Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (19229) The support for the Sensex is at 19000-18880 and the resistance to the up move is at 19440-19600.

                                           

NSE Nifty: (5851) The support for the Nifty is at 5820-5800-5780 and the resistance to the up move is at 5906-5925.

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