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DAILY PREDICTION

Advice for – Monday, August 05, 2013

EP-F&O Special Package gave profits of Rs. 19,500 /- to all its subscribers in last trading session on 1 lot traded per call.

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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and a good amount of short covering may been seen while opening but overall market is negative and if levels of 5835 are not breached then a sharp fall is expected where and exactly same happened. Market opened positive as per EquityPandit’s predictions and saw short covering as expected. Market was not able to breach EquityPandit’s predicted resistance levels of 5806-5835 and hence a sharp fall was seen in the market near to EquityPandit’s predicted support levels. Finally market closed in deep negative region as predicted.

 

Today: Indian Stock Market to open flat. Still, Indian Stock market is weak and next logical target is 5620 but now we can’t rule out a strong bounce back and hence there is much possibility of a strong short covering where traders can trade long if Nifty is able to breach levels of 5806-5820. But until then market would be considered as weak. Nifty posses strong support at 5645-5616-5566 whereas strong resistance may be seen at 5700-5775-5806 for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (19164) The support for the Sensex is at 19075-18970-18765 and the resistance to the up move is at 19340-19440-19600 levels.

                                          

NSE Nifty: (5678) The support for the Nifty is at 5645-5616-5566 and the resistance to the up move is at 5700-5775-5806 levels.

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