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DAILY PREDICTION

Advice for – Tuesday, October 08, 2013

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat to negative & went below 200DMA on intraday basis but recovered smartly from our support level of 5828 & closed above 5900 level. Seems like market already knew next day’s RBI move beforehand.

Today: Indian Stock Market to open positive at least 40-50 points due to RBI move to cut short term MSF rate. On the higher side 5967 is the resistance level above which nifty will reclaim 6142 level. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (19895) The support for the Sensex is at 19827-19758 and the resistance to the up move is at 20000-19950 levels.

NSE Nifty(5906) The support for the Nifty is at 5870-5840-5828 and the resistance to the up move is at 5967-6029 levels.

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