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DAILY PREDICTION

Advice for – Wednesday, May 08, 2013

EP-F&O Special Package gave profits of Rs.6,050/- to all its subscribers in last trading session on 1 lot traded per call.

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would move positive but once it breaches levels of 6020 levels for Nifty, it would see bullishness and would see sharp positive movement but would see strong resistance at 6050 levels for Nifty and exactly same happened. Market opened positive as per EquityPandit’s predictions. Market managed to breach levels of 6020 for Nifty and hence moved sharply positive as per EquityPandit’s predictions. Market saw strong resistance at EquityPandit’s predicted resistance levels of 6050 for Nifty. Finally Market closed just below EquityPandit’s predicted resistance levels of 6050 levels for Nifty.

 

Today: Indian Stock Market likely to open gap positive. Now since levels of 6020 had been breached for Nifty, Market direction would be positive. Now next target may be 6050-6100 levels for Nifty, which is sure to breach. Nifty would remain positive until Nifty holds 6000 levels. Nifty possess strong support at 6000-5975 whereas strong resistance would be seen at 6100-6120-6150. Once Nifty manages to close above 6100, new highs may be seen soon. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (19889) The support for the Sensex is at 19600-19504 and the resistance to the up move is at 20000-20200 levels.

                                          

NSE Nifty: (6044) The support for the Nifty is at 6000-5975 and the resistance to the up move is at 6100-6120-6150 levels.

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