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DAILY PREDICTION

Advice for – Friday, February 21, 2014

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock market opened negative with 25 points for Nifty. Nifty saw profit booking, exactly as predicted by EquityPandit. Nifty saw lows right near EquityPandit’s predicted support levels of 6080 levels for Nifty and finally closed in negative region. Sensex also saw supports near EquityPandit’s predicted support levels of 20500 levels.

Today: Indian Stock Market to open flat with positive bias. Technically, still Nifty would consolidate and once levels of 6080 is breached, Nifty would see sharp downtrend for the targets of 6050. Now 6080-6050-6020 would act as support for Nifty spot levels whereas resistance would be seen at 6105-6130-6150 spot levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Quarterly Results to be declared today: SKF India

NSE Nifty: (6091) The support for the Nifty is at 6080-6050-6020 and the resistance to the up move is at 6105-6130-6150 levels.

BSE Sensex: (20537) The support for the Sensex is at 20500-20330-20150 and the resistance to the up move is at 20660-20750-20880 levels.

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