Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap negative with 50+ points for Nifty. Nifty saw lows exactly at EquityPandit’s predicted support levels of 6130 like a dot. Sensex also saw lows exactly near EquityPandit’s predicted support levels of 20700 levels. Finally, market closed in negative region right above EquityPandit’s predicted support levels at 6136 levels for Nifty and 20700 levels for Sensex.
Today: Indian Stock Market to open flat. RBI credit Policy to be disclosed at 11:00 AM-11:30AM today, would decide the further direction of Indian Stock Market. EquityPandit expects Policy rates to remain unchanged. Technically, now 6100-6080-6050 would act as next support for Nifty whereas resistance would be seen at 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: GIC Housing, Jindal Steel, JSW Steel, Maruti Suzuki, NTPC, Pidilite Inds, SSLT, Walchandnagar.
BSE Sensex: (20707) The support for the Sensex is at 20640-20500 and the resistance to the up move is at 21270-21380 levels.
NSE Nifty: (6136) The support for the Nifty is at 6100-6080-6050 and the resistance to the up move is at 6200 levels.
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