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DAILY PREDICTION

Advice for – Thursday, August 29, 2013

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Last Trading Session: Exactly as predicted by EquityPandit that market would open gap negative and would see further downfall but strong support would exist at 5100 levels for Nifty where some short covering can’t be ruled out and exactly same happened. Market opened gap down exactly as per EquityPandit’s predictions. Market saw sharp downfall and saw strong supports near Equitypandit’s predicted levels of 5100 for Nifty. Market saw short covering from there exactly as per Equitypandit’s predictions and close just below EquityPandit’s predicted resistance levels of 5300 levels for Nifty. Traders, who follow EquityPandit’s suggestions, might have earned huge profits.

 

Today: Indian Stock Market to open positive. Since we are in F&O Expiry day, some short covering would definitely be seen but Dollar prices would be still a big worry for Indian Markets. Nifty would see some support at 5250-5200-5100 levels breaching which Nifty would see strong downfall. Now market to see strong resistance at 5400-5430 levels for Nifty. Some short covering can’t be ruled out but growing Gold and Dollar prices are a big worry for Indian Stock market, which if not taken care immediately, then Nifty can see levels of 5000-4800 anytime nearby. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (17996) The support for the Sensex is at 17600-17440-17000 and the resistance to the up move is at 18105-18200-18460 levels.

                                          

NSE Nifty: (5285) The support for the Nifty is at 5250-5200-5100 and the resistance to the up move is at 5400-5430 levels.

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