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Advice for – Thursday, May 22, 2014

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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias. Nifty saw highs exactly near EquityPandit’s predicted resistance levels of 7280 and saw profit booking from there as predicted by EquityPandit. Nifty saw strong supports at EquityPandit’s predicted support levels of 7200 levels. Finally, Nifty closed negative for the day as predicted yesterday.

Today: Indian Stock Market may open positive with 20-50 points for Nifty. Overall, market would remain in positive momentum. Index traders can buy Nifty at every downtrend. Investors and short term traders should look for fundamentally good midcaps segment stocks in Infra and Real-estate to earn handsome profits in short term as midcap segment in these sectors would now see new highs in days to come. Nifty would see strong resistance at 7280-7420-7570 levels whereas support would be seen at 7200-7108-7000 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Important Financial Results to be declared today: Ashok Leyland, Binani Inds, Cummins India, Emkay Glob Fin, Gujarat State Petronet, IRB Infra, Jain Irrigation, Jain Irrigation Sys, JK Lakshmi Cem, Jyothy Lab, Motherson Sumi, Novartis India, PC Jeweller, Ramco Inds, Ramco Systems, Schneider Elec, Sobha Dev, Suven Life, Viceroy Hotels,

NSE Nifty: (7253) The support for the Nifty is at 7200-7108-7000  and the resistance to the up move is at 7280-7420-7570  levels.

BSE Sensex: (24298) The support for the Sensex is at 24100-23850-23000 and the resistance to the up move is at 24520-24600-25000 levels.

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