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DAILY PREDICTION

Advice for – Friday, May 24, 2013

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 negative and traders should go short until Nifty breaches 6100 levels on the positive side and exactly same happened. Market opened negative exactly as per EquityPandit’s predictions. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 6100. Finally Nifty breaches support of 6147 and hence fell down sharply as per predictions.

 

Today: Indian Stock Market likely to open flat. Nifty possess strong support at 5945-5908 levels whereas resistance would be seen at 6020-6050 levels for Nifty. Market has entered oversold region and can see some short covering but Nifty to see sideways movement in rangebound region. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (19674) The support for the Sensex is at 19540-19380 and the resistance to the up move is at 19850-20000 levels.

                                          

NSE Nifty: (5967) The support for the Nifty is at 5945-5908 and the resistance to the up move is at 6020-6050 levels.

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