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DAILY PREDICTION

Advice for – Monday, October 21, 2013

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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive and plunged over 100 points. On intraday basis, nifty crossed 6200 mark but closed at 6189.

Today: Indian Stock Market to open flat with positive bias. Market technicals are now forming strength and it looks that Nifty may touch it’s ultimate resistance level of 6300 in days to come. F0r now, Nifty would see some resistance near 6200-6230 on closing  basis, breaching which Nifty would touch it’s Life time highs and may be, even breach those levels. Nifty would see strong supports near 6150-6080 levels. However market is in the strong up-trend and buy on dips, is the strategy. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20882) The support for the Sensex is at 20400-20600 and the resistance to the up move is at 21000-21210 levels.

NSE Nifty(6189) The support for the Nifty is at 6150 and the resistance to the up move is at 6230-6300 levels.

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