EP-Basic Package provides daily profits between 1500-5000 to all our subscribers on consistent basis on investment amount of Rs.50,000, irrespective of market direction.

Profit Note: EP-F&O Special package gave profits of Rs.16,500 on one lot traded for 2 calls given  to all its subscribers on last trading session.

 

Last Trading Session: Exactly as predicted by EquityPandit, that market would open positive and would see reaction (Positive trends) and would be sustainable and sharp if backed by some good news but 4950 would remain as major resistance for Nifty and same happened. Market opened positive and saw reaction (Positive trends) which was due to US higher consumer spending, which was largest in last 5 months (It was already predicted in yesterday’s weekly newsletter by EquityPandit that US consumer spending numbers would play a major role for the direction of all stock market globally). But market saw strong resistance at EquityPandit’s predicted resistance levels of 4950 for Nifty and ended in sharp positive trends. Sensex also saw high exactly near EquityPandit’s predicted resistance levels of 16450.

Today: Market likely to open gap up positive with atleast 70+ points for Nifty and 250+ points for Sensex. Looking at the largest consumer spending in US in the month of July among last 5 months, one thing is clear that Global economy would not land into recession again as predicted by many so called analysts and broking companies. Market looks strong now with the merger of two big European banks. Technically, 4860-4800 would act as strong support for Nifty. Bears should be out of market now. Some profit booking would be definitely seen at higher levels due to low confidence. There are many US and Indian data still pending to be disclosed this week, which would further define the Indian Stock Market direction. Details of which can be seen here. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16416) The support for the Sensex is 16250-16000 and the resistance to the up move is at 16812-17000.

NSE Nifty: (4920) The support for the Nifty is at 4900-4860-4800 and the resistance to the up move is at 5020-5200.

Note: Stocks to trade for F&O and cash intraday and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.