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DAILY PREDICTION

Advice for – Thursday, October 18, 2012

EP-F&O Special package made profits of about Rs.4.86 lakhs for all its subscribers in last month (September 2012) on 1 lot traded per call. Performance Sheet can be downloaded Here

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

 

 

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 20-50 points for Nifty and 70-150 points for Sensex and support would exist at 5635 for Nifty and 18550 for Sensex and exactly same happened. Market opened positive with EquityPandit’s predicted levels of 32 points for Nifty and 104 points for Sensex and saw profit booking from there. Market saw support exactly at EquityPandit’s predicted levels of 5635 for Nifty and 18550 levels for Sensex like a dot. Finally market closed positive for the day.

 

Today: Indian Stock Market likely to open positive with 20-50 points for Nifty and 70-150 points for Sensex. Technically, analysis would remain same. Profit booking would be seen at higher levels but market would see positive movements in days to come. Strong support would exist at 5635 levels for Nifty, breaching which; market can see levels of 5600-5585 for Nifty. Nifty would see resistance at 5700-5725-5785 levels for Nifty. Traders should trade long near 5635 and short near 5725 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: (18611) The support for the Sensex is at 18550-18470 and the resistance to the up move is at 18800-18970-19050.

                                           

NSE Nifty: (5660) The support for the Nifty is at 5635-5600 and the resistance to the up move is at 5700-5725-5785.

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