EquityPandit Predicts Bank Nifty Movement With High Accuracy

MUMBAI, India, December 16, 2015 /PRNewswire/ --

EquityPandit, India's Leading Equity Research Company, has been most successful in predicting BankNifty movement, everytime for this year. EquityPandit has launched their BankNifty Mathematical Model last year and since then it has been capable of capturing almost all the breakout and breakdown in the Bank Nifty index with high accuracy.

Bank Nifty Index has been almost 2000 points (1.25%) negative for this year (YTD) but EquityPandit's Mathematical models were able to capture all the breakout and breakdown in BankNifty at almost lowest and highest levels, respectively, generating around 7889 points profits for all its clients and subscribers, in this year when the index itself was around 2000 points negative.

EquityPandit's well-known Bank Nifty Mathematical model was developed by its R&D team that is been headed by Mr. Darpan J Shah (COO and Head, Research). Darpan told us that this model took around 3 years of development time with almost 30 indicators and 14 parameters that work in tandem. We have been working with all the market conditions and tuned the model rigorously to work well with almost every type of event or news in the market. The Mathematical model was back tested for last 13 years since 2001 to check the results with every event that has occurred in last 13 years before it was launched last year, and the final outcome is in front of you, said Darpan Shah.

EquityPandit's CEO, Mr. Abhishek Parakh said that the result of this Mathematical model is been used by many broking houses and our HNI clients. EquityPandit also provides the final recommendation to their subscribers of EP-BankNifty Package.

We have actually generated around 12300 points profits by going long and short at different levels as per the model results but some whipsaws (minor loses) that were seen during consolidation phase have eaten up some profits. We are now working to eliminate those whipsaws or we may say, we are working on predicting those consolidation phases, so that we can avoid those whipsaws, said Abhishek Parakh.

Abhishek also said that next year, we are expecting much higher profits for our subscribers, by this model as it is a self-learning model and automatically avoids all the false signals that can cause or had caused whipsaws in past.

The last signal that was generated by EquityPandit's model was a short sell signal at around 17200-17300 levels for BankNifty on December 02, 2015, where profit booking signal was given at 16320 levels on December 11, 2015, generating almost 1000 points in just couple of days.

About EquityPandit™ 

EquityPandit was established in year 2005 and today it is India's leading Equity Research company. Today, EquityPandit has clients in 32 countries, worldwide, who enjoy huge profits in association with EquityPandit. EquityPandit was among the first few Indian entities to bring equity research based on technical analysis to the Internet in India. EquityPandit is an ISO 9001:2008 internationally certified company. EquityPandit research team includes few of the best analysts and mathematicians in India and hence delights its customers by crisp and accurate research.

Media Contact : Ashish Jain, [email protected], 0261-6510007, Regional Manager, EquityPandit Financial Services (P) Limited