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DAILY PREDICTION

Advice for – Monday, May 13, 2013

Last Trading Session: Indian Stock Market opened flat and exactly as per EquityPandit’s predictions, market saw strong support at 6080 levels for Nifty and had seen further positive trends. Exactly as per EquityPandit’s predictions, Nifty managed to breach 6105 levels and sustained above those levels. Finally market closed just above 6105 levels for Nifty.

 

Today: Indian Stock Market likely to open flat. Technically trend is still positive and 6080-6065 would act as support for Nifty whereas strong resistance would be seen at 6130-6150 levels for Nifty. Traders are suggested to remain cautious now as market is over-stretched and can anytime see profit booking. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (20122) The support for the Sensex is at 20000-19850 and the resistance to the up move is at 20183-20250 levels.

                                          

NSE Nifty: (6107) The support for the Nifty is at 6080-6065 and the resistance to the up move is at 6130-6150 levels.

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