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DAILY PREDICTION

Advice for – Tuesday, July 22, 2014

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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive with 40 points for Nifty. Nifty saw highs, exactly near EquityPandit’s predicted resistance levels of 7730 for Nifty. Sensex also saw highs right on EquityPandit’s predicted resistance levels of 25870 like a dot. Finally Market closed right below EquityPandit’s predicted resistance levels of 7700 and 25720 for Nifty and Sensex like a dot.

Today: Indian Stock Market to open gap positive with 20-40 points for Nifty. Fundamentally, geopolitical risk in eastern Ukraine eased, which would drive the positive sentiments today in the Markets. Technically, Indian Stock Market is in positive momentum and breaching levels of 7730 would provide further positive momentum to Nifty. FIIs have been net buyers in Indian Stock Market on Monday. Few Indian Giants like Asian Paints and Axis Bank would disclose its Q1 Results today, which would direct the further market direction. Indian Stock Market would see Strong support at 7600-7530-7480 levels for Nifty whereas resistance would be seen at 7700-7730-7800 levels. Traders should go long until Nifty holds 7600 levels for handsome profits. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Important Q1 Results to be Declared today: Asian Paints, Axis Bank, Ceat, Dish TV India, Hexaware Tech, ING Vysya Bank, KPIT CUMMIN, Tata Coffee, Thermax.

NSE Nifty: (7684) The support for the Nifty is at  7600-7530-7480 and the resistance to the up move is at 7700-7730-7800 levels.

BSE Sensex: (25715) The support for the Sensex is at 25440-25240-24970 and the resistance to the up move is at 25720-25870-26000 levels.

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