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DAILY PREDICTION

Advice for – Thursday, February 14, 2013

EP-F&O Special package gave whooping profits of Rs.7,500/- on one lot traded per call to all its subscribers in last trading session.

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and would see strong resistance at 5960-5980 and exactly same happened. Market opened positive as per EquityPanidt’s suggested that one should go long for Nifty for the target of EquityPandit’s predicted resistance levels, market moved positive upto EquityPandit’s predicted resistance levels near 5960-5980 which acted as strong resistance. Market fell down sharply from EquityPandit’s predicted resistance levels but managed to close positive for the day.

 

Today: Indian Stock Market likely to open positive. Technically, analysis would remain same. Still it looks as 5900-5885 levels could be considered as strong support levels. Market would see resistance at 5970-5988-6000 levels for Nifty. SBI and Tata Motors results are to be disclosed today, which would decide the market direction. Market would see sideways movement between rangebound region of 5900-6000 for some time now and once any of these levels are breached, Nifty would move sharply in that direction. Traders are suggested to go long at every dip until 5900 levels holds for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

Results today: SBI, Aditya Birla Nuvo, Tata Motors, Dr Reddys Labs, LIC Housing Fin, IVRCL, SREI Infra, DLF, India Cement, Bajaj Hind .

 

 

BSE Sensex: (19561) The support for the Sensex is at 19400-19340and the resistance to the up move is at 19623-19787-19860.

                                           

NSE Nifty: (5923) The support for the Nifty is at 5900-5885 and the resistance to the up move is at 5958-5980-6000.

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