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DAILY PREDICTION

Advice for – Thursday, August 01, 2013

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Last Trading Session: Exactly as predicted by EquityPandit that market would open negative and technically more pain is there on the cards and market may see levels of 5680 for Nifty which would be support levels from where some short covering is expected and exactly same happened. Market opened negative exactly as per EquityPandit’s predictions. Market saw sharp downfall and made lows exactly at Equitypandit’s predicted targets of 5680 for Nifty like a dot. Market saw strong short covering from there exactly as per EquityPandit’s predicted support levels of 5680. Finally, market closed marginally negative for the day

 

Today: Indian Stock Market to open positive. Some short covering can’t be ruled out but overall market direction would be negative. Technically, there is more pain on the cards. Market still looks weak and no signs of revival can be expected. Analysis would remain same. Market would see strong support at 5700-5680-5620 whereas strong resistance may be seen at 5775-5800-5820 levels for Nifty. Once Nifty breaches 5835 levels, we can see recovery again else further fall is expected. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (19348) The support for the Sensex is at 19200-19125-19000 and the resistance to the up move is at 19432-19670-19740 levels.

                                          

NSE Nifty: (5742) The support for the Nifty is at 5700-5680-5620 and the resistance to the up move is at 5775-5800-5820 levels.

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