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DAILY PREDICTION

Advice for – Thursday, May 16, 2013

EP-F&O Special Package gave profits of Rs.7,750/- 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 positive and would see major resistance at 6070, which if breached, Nifty would move for sharp positive trend and exactly same happened. Market opened positive as per EquityPandit’s predictions. Market breached resistance of 6070 and moved sharply positive as per EquityPandit’s predictions. Market closed in gap positive region at 6146 levels for Nifty.

 

Today: Indian Stock Market likely to open flat to slight negative and EquityPandit expects some profit booking atleast at the market opening. If nifty breaches and sustains above 6186 mark then nifty target would be 6300. However Banknifty is the key for the nifty and would suggest further direction. Nifty possess strong support at 6120-6105 and resistance would be seen at 6185-6233-6301 levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (20212) The support for the Sensex is at 20120 and the resistance to the up move is at 20500 levels.

                                          

NSE Nifty: (6146) The support for the Nifty is at 6120-6105 and the resistance to the up move is at 6185-6233-6301 levels.

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