Last Trading Session: Exactly As predicted by EquityPandit that market would open flat and would see strong support at 5195-5200 levels for Nifty with range bound movements and same happened. Market opened flat as predicted by EquityPandit and fell down sharply near to EquityPandit’s predicted support levels of 5195-5200 for Nifty. Finally market closed just above EquityPandit’s support in negative region.
Today: Indian Stock Market likely to open gap negative with 25-50 points for Nifty and 100-180 points for Sensex. Indian Stock Market closed in negative region just above the support levels and now market looks negative but still would be in rangebound region of 5150-5275 levels for Nifty for next few days. Nifty still possess strong support at 5170-5150 levels for Nifty. If market breaches these support levels then levels of 5050-5000 would be seen soon. Resistance for upmove would hold at 5230-5270 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: L&T, Colgate Palmolive, Dabur India, Geometric, Hindustan Uniliver, Idea Cellular, Indian Bank, Jubilant Food, Merck, Tata Global and Torrent Pharma.
BSE Sensex: (17158) The support for the Sensex is at 17040-16970-16850 and the resistance to the up move is at 17270-17380-17540.
NSE Nifty: (5205) The support for the Nifty is at 5170-5150 and the resistance to the up move is at 5230-5270.
Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at email@example.com
Premium Subscription Pricing details can be seen at Pricing