Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 40 points for Nifty and would remain positive throughout the day but further direction would depend on RBI Policy meeting, which is going to be held today (Tuesday) and exactly same happened. Market opened positive with EquityPandit’s predicted levels of 40-45 points for Nifty. Finally market breached the resistance of 5175, which was positive for market and had shown strength. Finally market closed positive for the day.
Today: Indian Stock Market likely to open flat. Today market would be very volatile and further direction would only depend on RBI Policy. Market can drag down sharply if RBI doesn’t meets market expectation hence traders should take position only after RBI disclosure. Nifty possess strong support at 5125 levels whereas resistance would be seen at 5250-5275 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.
Key results to be declared today: Balaji Telefilms, Bhushan Steel, Blue Star, Chennai Petroleum, Cipla, EID Perry, GTL, Gujarat Fluorochemicals, Hexaware Technologies, Hindustan Oil, IDBI Bank, IPCA Lab, Jaiprakash Associate, KEC International, Mansanto India, NDTV, Petronet LNG, Silverline Technologies, Titan Industries and Wyeth .
BSE Sensex: (17144) The support for the Sensex is at 17050-17970-17840 and the resistance to the up move is at 17200-17380-17505.
NSE Nifty: (5200) The support for the Nifty is at 5125 and the resistance to the up move is at 5250-5275.
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