EP-F&O Special package gave huge profits of Rs.11,700/- on one lot traded per call to all its subscribers in last trading session.

 

1. VIP Industries Sell Call- (Profits:Rs.3,200)

2. LT Sell Call- (Profits:Rs.8,500)

Total Profits: Rs.11,700/- per lot.

Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with negative bias and breaching the levels of 5180 would take market sharply down and exactly same happened. Market opened flat with just 12 points negative and breaching 5180 levels, dragged market down near the next important support of 5080 levels for Nifty. Finally market closed just above those support levels.

Today: Market likely to open negative with 40-70 points for Nifty and 150-200 points for Sensex. Technically, now Indian Stock Market is weak and may see further downtrend upto the levels of 5040-5015-5000. But short covering may come anytime and some positive movements can be seen as strong downtrend was seen on last trading session due to report by Macquarie where it has stated that RBI directives to meet Basel III regulations by banks could lead to an equity dilution of approx $30-35 billion over the next five years. Market would be good for investors only if it trades above 5150 levels for Nifty but this can be opportunity for risk taking investors as soon the correction would come into play. Nifty possess strong supports at 5040-5015-5000 levels whereas resistance may be seen at 5150-5200 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Indian Data to watch this week: IIP Numbers (Friday)

Global Data to watch this week: MBA mortgage applications, Initial Jobless claims and trade balance

Key Results this week: NTPC, HDFC, IDFC, Hindalco, Banking majors Canara Bank and PNB, Pharma majors Lupin, Cadila Health Care, Cipla, Ranbaxy and Dr Reddys

BSE Sensex: (16831) The support for the Sensex is 16750-16600-16480 and the resistance to the up move is at 17000-17200.

NSE Nifty: (5087) The support for the Nifty is at 5040-5015-5000 and the resistance to the up move is at 5150-5200.

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