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DAILY PREDICTION

Advice for – Wednesday, February 27, 2013

EP-F&O Special package gave whooping profits of Rs.21,100/- on one lot traded per call to all its subscribers in last trading session.

EP-F&O Special Calls given:

1.         CENTURYTEX Sell Call gave Profits Rs.7800

2.         COALINDIA Sell Call gave Profits Rs.8300

3.         ADANIENT Sell Call gave Profits Rs.5000

 

 

TOTAL PROFITS: Rs.21,100/- per lot traded.

 

 

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open negative and would see some support at 5835-5820 breaching which, market can fall sharply where and same happened. Market opened negative as per EquityPandit’s predictions. Railway budget was not able to cheer the market and hence market fell down sharply breaching support levels to close just above 5750 levels for Nifty.

 

Today: Indian Stock Market likely to open flat with positive bias. Technically, market should see some short covering (Positive trend) but strong resistance would be seen at levels of 5820-5835 levels for Nifty, whereas support exists at 5700 levels for Nifty. Market can head towards 5700 levels in days to come. Union budget is on the way. Trading in this scenario is not suggestible and traders should trade with very low quantity as direction of market is uncertain and would be totally dependent on the upcoming events. Budget would decide further direction of the market. If Budget is not able to cheer the market sentiments then we can fall upto 5600 levels for Nifty. The economic survey would be laid in Parliament today, followed by the Union Budget on February 28, which would also be F&O Expiry day. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

 

BSE Sensex: (19015) The support for the Sensex is at 18970-18880-18740 and the resistance to the up move is at 19110-19200-19350 levels.

                                           

NSE Nifty: (5761) The support for the Nifty is at 5700 and the resistance to the up move is at 5820-5835 levels.

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