Last Trading Session: Exactly as predicted by EquityPandit that some short covering can’t be ruled out at this point of time but the trend is still negative and exactly same happened. Indian Stock Market opened positive as a result of short covering but then settled down to follow the trend. Nifty saw lows exactly near EquityPandit’s predicted support levels of 6100. Sensex also closed just above EquityPandit’s predicted support levels of 20640 levels.
Today: Indian Stock Market to open gap negative as the U.S. Federal Reserve decided to continue reducing its monetary stimulus. Market would see huge volatility today on F&O Expiry. Technically, 6080-6050-6030 would act as next support for Nifty whereas resistance would be seen at 6170-6200 levels for Nifty. 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: Arvind, Bank Of India, GTL Infra, Hero MotoCorp, Hindustan Cons, Indiabulls Real Estate, Jindal Saw, JSW Energy, Jyoti Struc, Muthoot Finance, Siemens, Tata Teleservices, Voltas.
BSE Sensex: (20647) The support for the Sensex is at 20500-20260-20140 and the resistance to the up move is at 20830-21000 levels.
NSE Nifty: (6120) The support for the Nifty is at 6080-6050-6030 and the resistance to the up move is at 6170-6200 levels.
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