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DAILY PREDICTION

Advice for – Monday, November 11, 2013

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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened negative and remained negative throughout the day. Nifty weakness mainly came from banks.  Nifty also closed below our support level of 6160.

Today: Nifty will likely to open 30-40 points down as strong US Jobs data suggest early tapering. Overall trend in nifty will change only, once Nifty closes below 6050. Till then one can go and buy Nifty on dips. Nifty would see strong support at 6080-6050 levels whereas resistance would be seen at 6190-6227 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: (20666) The support for the Sensex is at 20550-20480-20330 and the resistance to the up move is at 20700-20900 levels.

NSE Nifty(6140) The support for the Nifty is at 6080-6050 and the resistance to the up move is at 6190-6227 levels.

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