Last Trading Session: Exactly As predicted by EquityPandit that market would open gap negative with 25-50 points for Nifty and 100-180 points for Sensex and if market breaches levels of 5150 then sharp down trend would be seen and exactly same happened. Market opened negative exactly at EquityPandit’s predicted levels of 48 points for Nifty and 158 points for Sensex. Finally market breached levels of 5150 and fell down sharply exactly as per EquityPandit’s prediction and closed in deep negative region at 5118. Sensex saw supports at EquityPandit’s predicted support levels of 16850 like a dot.
Today: Indian Stock Market likely to open flat. Indian Stock Market now possess strong supports 5100-5080 levels, breaching which supports would be seen directly at 5030 but market should see sharp short covering near 5100-5080 levels for Nifty. Resistance to upmove would be seen at 5175-5200-5230. Remember, Spain worries are still intact and hence traders should be very careful in every trade they enter. 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: Ashok Leyland, Canara Bank, Container Corporation, Essar Ports, ING Vysya Bank, Jindal Steel, LIC Housing Finance, Lupin, Pidilite Industries, Polaris, Sesa Goa, Shriram Transport, SKF India, Torrent Power, Wipro.
BSE Sensex: (16877) The support for the Sensex is at 16740-16600-16504 and the resistance to the up move is at 17050-17112-17240.
NSE Nifty: (5118) The support for the Nifty is at 5100-5080-5030 and the resistance to the up move is at 5175-5200-5230.
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