Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock market opened flat with 3 points positive for Nifty. Nifty saw downtrend in beginning of trading session but recovered sharply. Nifty saw highs exactly at EquityPandit’s predicted resistance levels of 6030 levels. Finally, market closed positive just below EquityPandit’s predicted resistance levels of 6030 levels for Nifty.
Today: Indian Stock Market to flat with positive bias. Technically, 6000-5972-5950 would act as support for Nifty whereas resistance would be seen at 6050-6075-6100 levels for Nifty. Nifty would see some consolidation in a rangebound region and trend would be considered positive only once it breaches 6075 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: Aban Offshore, ACC, Ambuja Cement, Aurobindo Pharma, Bank of Baroda, Central Bank, City Union Bank, GATI, Gujarat State Petronet, GVK Power, Hindustan Fluoro, Hindustan Motors, MRF, Reliance Infra, Reliance Power, SREI Infra.
NSE Nifty: (6022) The support for the Nifty is at 6000-5972-5950 and the resistance to the up move is at 6050-6075-6100 levels.
BSE Sensex: (20261) The support for the Sensex is at 20075-20000-19850 and the resistance to the up move is at 20340-20500 levels.
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