Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock market opened flat with 6 points positive for Nifty. Nifty moved positive but saw highs exactly at EquityPandit’s predicted resistance levels of 6050 levels like a dot. Nifty fell down sharply from there to EquityPandit’s predicted support levels but again recovered from there. Finally, market closed positive just below EquityPandit’s predicted resistance levels at 6038 levels for Nifty. Sensex also saw lows exactly at EquityPandit’s predicted support levels of 20075 like a dot.
Today: Indian Stock Market to positive with atleast 30+ points for Nifty and 100+ points for Sensex. Technically, 6000-5970-5950 would act as support for Nifty whereas resistance would be seen at 6075-6105-6130 levels for Nifty. Nifty would see some short covering today. 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: Andhra Bank, Cadila Health, CESC, Godrej Industries, Hexaware Tech, Jain Irrigation, Jet Airways, JK Lakshmi Cements, Kalindi Rail, Manappuram Finance,Reliance Cap, Reliance Comm, Sahara One, Sun TV Network, Tata Power, United Bank .
NSE Nifty: (6036) The support for the Nifty is at 6000-5972-5950 and the resistance to the up move is at 6075-6105-6130 levels.
BSE Sensex: (20311) The support for the Sensex is at 20075-20000-19850 and the resistance to the up move is at 20358-20500 levels.
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