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DAILY PREDICTION

Advice for – Thursday, June 06, 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 negative and once it breaches levels of 5900 for Nifty, it would see sharp downfall but short covering can be seen at lower levels and exactly same happened. Market opened negative as per EquityPandit’s predictions. Market breached levels of 5900 and saw strong downfall as expected. Market saw short covering from 5880 levels as predicted by EquityPandit. Finally, market managed to close positive for the day.

 

Today: Indian Stock Market likely to open gap negative. Today, Reliance Industries AGM is going to held, which would decide further market direction for today. Technically, nothing has changed and analysis would still remain same. Market is still developing a distribution pattern, which says that market may see levels of 5750-5700 in this month in a cyclic pattern. Some short covering may be seen near supports but overall Nifty direction is still negative. Nifty possess strong support at 5900-5850-5800 levels whereas resistance would be seen at 5980-6000-6030 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: (19546) The support for the Sensex is at 19504-19380-19200 and the resistance to the up move is at 19750-19865-19950 levels.

                                          

NSE Nifty: (5919) The support for the Nifty is at 5900-5850-5800 and the resistance to the up move is at 5980-6000-6030 levels.

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