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DAILY PREDICTION

Advice for – Thursday, February 20, 2014

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock market opened flat with 5 points positive for Nifty. Nifty saw strong resistance at EquityPandit’s predicted resistance levels of 6140 for the whole trading session but by the last 1 hour of trading session Nifty saw a breakout and breached the levels to close positive for the day.

Today: Indian Stock Market to open negative with 10-30 points for Nifty. Technically, Indian Stock Market has seen positive breakout and currently overall trend is positive but some profit booking can’t be ruled out at this point of time. Now 6125-6100-6080 would act as support for Nifty spot levels whereas resistance would be seen at 6180-6200-6243 spot levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (6153) The support for the Nifty is at 6125-6100-6080 and the resistance to the up move is at 6180-6200-6243 levels.

BSE Sensex: (20723) The support for the Sensex is at 20620-20500 and the resistance to the up move is at 20750-20880 levels.

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