EquityPandit Knowledge Series
EquityPandit has launched EquityPandit Knowledge Series, which would help all our readers to learn and earn huge profits in Stock Market or any market in the world. These tutorial of EquityPandit Knowledge Series would be published every Sunday. We would start Knowledge Series from some basics like “History of Indian Stock Market” and take it forward to Advance Technical Analysis. This tutorial would just take your 5 minutes every Sunday but going forward, it would help you to generate huge wealth in Indian Stock Market / Commodity Market/ Currency Market.
Tutorial-2: Why does Companies List their shares on Stock Market and how does the share trades?
Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat negative bias. Nifty moved positive as per predictions and saw highs just below EquityPandit’s predicted resistance levels of 6363 and as EquityPandit predicted that breaching 6363 looks hard for Nifty and same happened as Nifty was not able to breach those levels. Finally, Nifty closed below Equitypandit’s predicted resistance levels of 6350 at 6346 levels. Sensex also closed just below EquityPandit’s predicted resistance levels of 21380.
Today: Indian Stock Market to open gap negative. Technically, 6350-6363 would act as strong resistance for Nifty on closing basis. 6300-6250 would now act as strong support for Nifty. Some profit booking is expected at this point of time. If Nifty closes above 6363 levels then only, it would see new highs in days to come. Nifty would remain rangebound and breaching levels of 6363 looks hard on closing basis. To see a strong positive trend, Nifty has to break this range and close below 6364 levels. 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: Balaji Tele, Bharat Elec, Edelweiss Financial, Glenmark Pharma, Karnataka Bank, Kolte Patil, SKS Microfinance, UCO Bank.
BSE Sensex: (21374) The support for the Sensex is at 21170-21000 and the resistance to the up move is at 21380-21500 levels.
NSE Nifty: (6346) The support for the Nifty is at 6300-6250 and the resistance to the up move is at 6350-6363 levels.
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