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DAILY PREDICTION

Advice for – Monday, May 06, 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 would see strong support at 5945 levels for Nifty and strong resistance would be seen at 6000-6020 levels for Nifty and exactly same happened. Market opened flat as per EquityPandit’s expectations. Market saw strong resistance near EquityPandit’s predicted resistance levels of 6000-6020 levels from where it fell exactly to EquityPandit’s predicted support levels of 5945 for Nifty like a dot and closed nearby support.

 

Today: Indian Stock Market likely to open positive. Technically, Now Nifty would see bullishness only once it closes above 6020 levels, until then rangebound session can be seen where Nifty would move up to 6000 and would again see profit booking. Once Nifty is able to breach levels of 6020, a new uptrend would be seen in the market as huge buying would come breaching levels of 6020 for Nifty. Nifty would see strong support at 5940-5900-5865, whereas resistance would be seen at 6000-6020-6050. Once Nifty is able to close above 6020, levels of 6050-6100 can 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: (19576) The support for the Sensex is at 19380 and the resistance to the up move is at 19740-19880-20000 levels.

                                          

NSE Nifty: (5944) The support for the Nifty is at 5940-5900-5865 and the resistance to the up move is at 6000-6020-6050 levels.

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