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DAILY PREDICTION

Advice for – Thursday, May 09, 2013

EP-F&O Special Package gave profits of Rs.2,750/- 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 gap positive and would see further positive direction where strong resistance would be seen at 6100 levels for Nifty whereas 6020 would act as immediate support and 6000 would act as strong support for Nifty and exactly same happened. Indian Stock Market opened gap positive with 23 points for Nifty and 80 points for Sensex as per EquityPandit’s predictions. Market saw strong supports near EquityPandit’s predicted support levels of 6020 for Nifty. Market moved further positive as per EquityPandit’s predictions to close near 6070 levels for Nifty. Sensex also closed just below EquityPandit’s predicted resistance levels of 20000.

 

Today: Indian Stock Market likely to open flat. Overall Market direction would be positive but some profit booking can be seen at higher levels near EquityPandit’s predicted resistance levles. Now next target may be 6100 levels for Nifty. Nifty would remain positive and see further positive trends until Nifty holds 6020-6000 levels. Nifty possess strong support at 6020-6000-5975 whereas strong resistance would be seen at 6080-6100-6120. 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: (19990) The support for the Sensex is at 19850-19600-19504 and the resistance to the up move is at 20050-20200 levels.

                                          

NSE Nifty: (6069) The support for the Nifty is at 6020-6000-5975 and the resistance to the up move is at 6080-6100-6115 levels.

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