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DAILY PREDICTION

Advice for – Tuesday, July 01, 2014

Huge Discounts on EP-Basic Package would finish today at 8 PM.


Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias. As EquityPandit predicted, Indian stock Market moved sharply positive but was still not able to break the range of 7480-7700 on either side. Finally Nifty closed positive above 7600 levels. Sensex closed just below EquityPandit’s resistance levels of 25460.

Today: Indian Stock Market to open flat with positive bias. This week is full of news. Important dates for markets:

1st July: HSBC MFG PMI. 3rd July: HSBC service PMI. 4th July: Foreign reserves. 8th July: Rail Budget. 10th July:Union Budget, Balance of Trade. 11th July: IIP, MFG production. 14th July: Inflation data.

Petrol and Diesel prices were hiked yesterday, which is a positive news for Oil Marketing and Oil drilling companies. Technically, breakout would only be seen in Indian Stock Market if Nifty breaches levels of 7680. Nifty would see sharp positive trend if it breaches 7680 on the positive side. Technically 7480 level is the biggest support for Nifty. Traders can go long at every dip until Nifty holds 7480 levels. 7530-7500-7480 would act as strong support for Nifty. Nifty would see strong resistance at 7680-7705 levels for Nifty. 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.

NSE Nifty: (7611) The support for the Nifty is at 7530-7500-7480 and the resistance to the up move is at 7650-7680-7705  levels.

BSE Sensex: (25414) The support for the Sensex is at 25180-25000 and the resistance to the up move is at 25460-25650-25740 levels.

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