Last Trading Session: As EquityPandit predicted, Indian stock market has seen some profit booking and closed in red region but managed to close above 5350 for Nifty.
Today: Analysis would remain same. Technically, Indian stock market can further see some profit booking but market would be up until 5350 holds for Nifty and can even make highs of 5490-5510. 5350 would be strong support level. And as we said earlier, investor should remain invested and should not panic with all these small downtrend and should invest in fundamentally strong companies at cheap rates. Investor should do their own research or take advice of some better advisory companies. Traders should take care of all the support and resistance levels.
EP-Investor June-July 2010 profits:
SEL Manufacturing: 54%
Gremach Infra: 57%
National Fertilizers: 28%
Subex: 10%
Concurrent Infra: 20%
Mercator Lines: 8%
EKC: 13%
Mid-day Multimedia: 16%
Prajay Engineering: 12%
Manugraph Industries: 15%
No Call has given any type of losses.
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All EP-Investor calls have given more than 25% profits within small time frame. Few calls like concurrent Infra, unimin, Hanung toys have even given more than 300% profits in 2 months. Don’t miss the opportunity to subscribe to EP-Investor Package. All the calls have given very good profits even when market went down.
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Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.
BSE Sensex: (17928) The support for the Sensex is 17875 and the resistance to the up move is at 18350.
NSE Nifty: (5386)The support for the Nifty is at 5300-5350 and the resistance to the up move is at 5490-5510.