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DAILY PREDICTION

Advice for – Tuesday, November 12, 2013

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Last Trading Session: Exactly as per EquityPandit’s predictions, Market opened 30 points negative for Nifty. Market recovered mildly in the afternoon session. However BankNifty & Reliance again drag down the Nifty and saw lows exactly around EquityPandit’s predicted support levels of 6050 levels for Nifty. Finally, Nifty closed below 6100 levels.

Today: Nifty likely to open 8-12 points positive. Analysis remains same; closing below 6050 can change the Nifty trend. It looks like Nifty should hold this level and should go up after mild consolidation. Nifty would see strong support at 6050-6030-6000 levels whereas resistance to the upmove would be seen at 6130-6150 levels for Nifty. Traders should keep an eye on IIP and Inflation data due today, which would decide the Market direction. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20490) The support for the Sensex is at 20450-20330 and the resistance to the up move is at 20600-20700 levels.

NSE Nifty(6078) The support for the Nifty is at 6050-6030-6000 and the resistance to the up move is at 6130-6150 levels.

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