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DAILY PREDICTION

Advice for – Wednesday, July 23, 2014

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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive with 24 points for Nifty. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 7800 for Nifty. Finally, Nifty closed 84 points positive for the day. Traders, who followed EquityPandit’s suggestions to go long in Nifty, might have earned handsome intraday profits.

Today: Indian Stock Market to open gap positive with 15-40 points for Nifty. Fundamentally, geopolitical risk in eastern Ukraine eased and US Giants have also posted better results, which would drive the positive sentiments today in the Markets. Technically, Indian Stock Market is in positive momentum and breaching levels of 7810 would provide further positive momentum to Nifty. FIIs have been net buyers of Rs.412.03 crores in Indian Stock Market on Tuesday. Now Nifty is near its all time high of 7808 levels and some profit booking can’t be ruled out in a day or two. Nifty may see new all time high in upcoming sessions. Indian Stock Market would see Strong support at 7700-7600 levels for Nifty whereas resistance would be seen at 7810-7900 levels. Traders should go long until Nifty holds 7700 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: ABB India Ltd., Alstom T&D, Cairn India, Geometric, GIC Housing, JSW ENERGY, L&T Finance Holdings, Mcleod Russel, MRF, NIIT, Transport Corp, Yes Bank,

NSE Nifty: (7768) The support for the Nifty is at  7700-7600 and the resistance to the up move is at 7810-7900 levels.

BSE Sensex: (26026) The support for the Sensex is at 25750-25550 and the resistance to the up move is at 26200-26380 levels.

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