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DAILY PREDICTION

Advice for – Thursday, July 17, 2014

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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap positive with 38 points for Nifty. Indian Stock Market saw sharp positive movement led by banking and Infrastructure sector exactly as per EquityPandit’s predictions. Sensex saw strong resistance at EquityPandit’s predicted resistance levels of 25620 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open flat. Technically, Market can see further positive movement. And now positive movement can be supported by IT sector as well. FIIs were also net buyers of Rs.621.68 crores in Indian Market. Indian Stock Market would see Strong support would be seen at 7530-7480-7440 levels for Nifty whereas resistance would be seen at 7700-7730-7800 levels. Traders should buy near EquityPandit’s predicted support levels and should sell near EquityPandit’s predicted resistance levels in this market for Intraday profits. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Important Q1 Results to be Declared today: Bajaj Auto, Bajaj Holdings, Mindtree, Rallis India, Reliance Indl Infra, RS Software, Sasken Comm, TCS.

NSE Nifty: (7624) The support for the Nifty is at  7530-7480-7440 and the resistance to the up move is at 7700-7730-7800 levels.

BSE Sensex: (25550) The support for the Sensex is at 25240-24970-24850 and the resistance to the up move is at 25620-25870-26000 levels.

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