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DAILY PREDICTION

Advice for – Tuesday, August 06, 2013

EP-F&O Special Package gave profits of Rs. 15,000 /- to all its subscribers in last trading session on 1 lot traded per call.

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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and now we can’t rule out a strong bounce back and hence there is much possibility of a strong short covering would be seen and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market saw strong short covering as per EquityPandit’s predictions. Finally market closed positive for the day.

 

Today: Indian Stock Market to open negative with atleast 10-35 points for Nifty and 35-100 points for Sensex. Analysis would still remain same. Still, Indian Stock market is weak and next logical target is 5620 but now we can’t rule out a strong bounce back and hence there is much possibility of a strong short covering where traders can trade long if Nifty is able to breach levels of 5806-5820. But until then market would be considered as weak. Nifty posses strong support at 5645-5616-5566 whereas strong resistance may be seen at 5720-5775-5806 for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (19182) The support for the Sensex is at 19075-18970-18765 and the resistance to the up move is at 19340-19440-19600 levels.

                                          

NSE Nifty: (5685) The support for the Nifty is at 5645-5616-5566 and the resistance to the up move is at 5720-5775-5806 levels.

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