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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive. Nifty saw highs exactly near EquityPandit’s predicted resistance levels of 6350. Finally, market closed flat for the day with negative bias.
Today: Indian Stock Market to open negative. Technically, 6250 would act as strong support for Nifty whereas 6350 would act as immediate resistance for Nifty. Nifty would see strong resistance at 6350-6364-6415 levels. Nifty if closed above 6364 levels, it would see new highs in days to come. Few of India’s biggest companies would disclosed their Q3 results today, which would decide further market direction. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Q3 Results to be disclosed today: HDFC Bank, ITC, Reliance Industries, Wipro, BPL, Hindustan Zinc and NIIT.
BSE Sensex: (21265) The support for the Sensex is at 21090-21000 and the resistance to the up move is at 21380-21500 levels.
NSE Nifty: (6319) The support for the Nifty is at 6250 and the resistance to the up move is at 6350-6363-6415 levels.
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