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DAILY PREDICTION

Advice for – Wednesday, June 05, 2013

EP-Basic Package is one of the most famous package among Indian traders .

 

Check Why EquityPandit recommends EP-Basic Package

 

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and some short covering might be seen but overall direction of the market would be negative where strong support would be seen near 5900 levels for Nifty and 19504 levels for Sensex and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market saw short covering from there as expected. Finally market fell sharply near to EquityPandit’s predicted support levels of 5900 for Nifty and 19504 levels for Sensex.

 

Today: Indian Stock Market likely to open negative. Technically, nothing has changed and analysis would still remain same. Market is still developing a distribution pattern, which says that it can see levels of 5750-5700 in this month. Breaching levels of 5900 would confirm sharp downtrend. Some short covering may be seen near supports but overall Nifty direction is still negative. Nifty possess strong support at 5900-5850-5800 levels whereas resistance would be seen at 5980-6000-6030 levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (19546) The support for the Sensex is at 19504-19380-19200 and the resistance to the up move is at 19750-19865-19950 levels.

                                          

NSE Nifty: (5919) The support for the Nifty is at 5900-5850-5800 and the resistance to the up move is at 5980-6000-6030 levels.

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