Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock market opened flat with 3 points positive for Nifty.Nifty moved positive but was not able to sustain and fell down sharply. Nifty saw lows exactly at EquityPandit’s predicted support levels of 6000 like a dot and closed just above those levels. Sensex also saw highs exactly at EquityPandit’s predicted resistance levels of 20500 like a dot but fell down sharply to close below 20200 levels.
Today: Indian Stock Market to open positive with 20+ points for Nifty. Nifty is not able to decide the trend and is currently rangebound. Breaching levels of 6000 with volumes would force Nifty to see a sharp downfall. 6000-5970-5930 would act as support for Nifty whereas resistance would be seen at 6050-6085-6105 levels for Nifty. Nifty would still consolidate in a rangebound region until it breaches EquityPandit’s predicted support or resistance levels with high volumes. 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: ABG Shipyard, Bajaj Hind, Britannia Inds, CRISIL, DEN NETWORK, Dishman Pharma, DLF, Educomp Sol, Elder Pharma, Financial Tech, Gammon India, Geodesic, Gujarat Fluoro, IVRCL LTD, LML LTD., MMTC LTD, Mahindra & Mahindra, MTNL, Nestle India, Opto Circuits, Pipavav Defence, Provogue India, Punj Lloyd, RECLTD, Rolta India, S Kumar Nation, SAIL, SBI, Shree Renuka Sugar, Spicejet, Suzlon Energy, Unitech, Vadilal Dairy, Venkys India, Videocon Inds
NSE Nifty: (6001) The support for the Nifty is at 6000-5970-5930 and the resistance to the up move is at 6050-6085-6105 levels.
BSE Sensex: (20193) The support for the Sensex is at 20150-20075-20000 and the resistance to the up move is at 20380-20450-20500 levels.
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