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DAILY PREDICTION

Advice for – Friday, November 22, 2013

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative with 25 points for Nifty and went down, throughout the day. Nifty broke all the support levels and closed just at psychological level and EquityPandit’s support level of 6000.

Today: Nifty will likely to open 10-15 points positive. As global markets are positive, short covering is expected at least at the market opening. However Nifty trend is not clear but we still believe that until 5950 holds, Nifty won’t fall much. It should remain in range of 6000-6200. Nifty would see strong support at 5980-5950-5880 levels whereas strong resistance would be seen at 6050-6080 levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20229) The support for the Sensex is at 20120-20000 and the resistance to the up move is at 20400-20600 levels.

NSE Nifty(5999) The support for the Nifty is at 5980-5950-5880 and the resistance to the up move is at 6050-6080 levels.

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