Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would see strong support at 5320 and traders should take short at this point of time and exactly same happened. Market opened flat as per EquityPandit’s prediction and went down near EquityPandit’s predicted support levels of 5320 for Nifty. Finally Market closed above EquityPandit’s predicted support levels.

Performance of EquityPandit calls given to all of you (In yesterday’s Newsletter)

Short Calls:

Jindal Steel and Power given at Rs.377 saw low of Rs.342.75 (Profits: Rs.34.25 per share)

ICICI Bank given at Rs.935 saw low of Rs.918 (Profits: Rs. 17 per share)

Tata Motors given at 241.05 saw low of 235 (Profits: Rs. 6 per share)

Maruti given at Rs.1167.8 saw low of Rs.1156 (Profits: Rs.10 per share)

Canara Bank given at Rs.323.6 saw low of Rs.316.1 (Profits: Rs. 7 per share)

Buy Calls:

M&M call given at 773.5 saw high of Rs.778

Alstom India given at Rs.398.55 saw high of Rs.408.75

All 7 calls given yesterday had given decent profits. Subscribe to EquityPandit’s premium package to receive most profitable calls (with Entry and Exit points). Enjoy huge profits in association with EquityPandit. For any queries, kindly mail at admin@equitypandit.com

Today: Market likely to open positive with 10-30 points for Nifty and 30-80 points for Sensex. Indian Stock Market now near F&O Expiry and Nifty is near its support levels of 5300. So we can expect some short covering anytime but remember, overall breath of market is bearish. While trading shorts, traders should take care of short covering and follow strict stoploss. Nifty possess strong support at 5300-5250 and immediate support at 5318. Resistance would be seen at 5370-5390 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17631) The support for the Sensex is at 17600-17520-17470 and the resistance to the up move is at 17760-17800.

NSE Nifty: (5335) The support for the Nifty is at 5318-5300-5250 and the resistance to the up move is at 5370-5390.

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