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DAILY PREDICTION

Advice for – Monday, June 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 5600 would act as immediate support for Nifty but some sharp short covering can be seen where 5685 would act as strong resistance to deal with and exactly same happened. Market opened negative as per EquityPandit’s predictions. Market saw low near EquityPandit’s predicted support levels of 5600 and saw sharp short covering from there exactly as per EquityPandit’s predictions. Market saw high exactly at EquityPandit’s predicted resistance levels of 5685 levels for Nifty like a dot. Finally market closed flat with positive bias for the day.

 

Today: Indian Stock Market likely to open flat. Technically it looks like 5600 should hold for Nifty but breaching those levels would force market to see a sharp fall. 5618-5600 levels which would act as immediate supports for Nifty. Nifty would see strong resistance at 5685-5700-5745 levels. Some short covering can be seen at lower levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (18774) The support for the Sensex is at 18650-18560 and the resistance to the up move is at 18880-18950-19075 levels.

                                          

NSE Nifty: (5667) The support for the Nifty is at 5618-5600 and the resistance to the up move is at 5685-5700-5745 levels.

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