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DAILY PREDICTION

Advice for – Thursday, January 10, 2013

EP-Basic Package is one of the most famous package among Indian traders .

 

Check Why EquityPandit recommends EP-Basic Package

 

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open marginally positive but would remain rangebound between levels of 5940-6025 for Nifty and would see strong resistance near 6025 levels for Nifty but some profit booking can be seen ahead of US earning season and exactly same happened. Market opened marginally positive with 9 points for Nifty as per EquityPandit’s predictions. Market remained rangebound in EquityPandit’s predicted levels of 6025-5940 for Nifty. Market saw strong profit booking as predicted by EquityPandit at levels of 6020 for Nifty. Finally market closed negative for the day. Sensex also closed just above EquityPandit’s predicted support levels of 19660.

 

Today: Indian Stock Market likely to open positive. Technically, analysis would remain same. Nifty would see consolidation between levels of 5940-6025. Breaching any of these corners would suggest the market direction. Overall Indian stock market trend is positive and is on good line ahead of few events which may trigger the market including Diesel price hike, RBI policy and Budget. Nifty would consolidate in the region of 5940-6025 levels of Nifty for some time and then would breakout from these levels to move further positive. Nifty possess strong support at 5982-5943 levels whereas strong resistance may be seen at 6025-6055-6100 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: (19667) The support for the Sensex is at 19630-19470 and the resistance to the up move is at 19830-20000.

                                           

NSE Nifty: (5971) The support for the Nifty is at 5960-5943 and the resistance to the up move is at 6025-6055-6100.

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