Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock market opened positive with 23 points for Nifty. Nifty saw highs exactly at EquityPandit’s predicted resistance levels of 6105 like a dot. Finally Nifty closed exactly below EquityPandit’s predicted resistance levels of 6085 for Nifty and 20450 levels for Sensex like a dot.
Today: Indian Stock Market to open flat. Technically Nifty has entered positive region but with very low volumes. Nifty needs to breach EquityPandit’s predicted Resistance levels with high volumes to confirm positive trend. 6050-6030-6000 would act as support for Nifty whereas resistance would be seen at 6085-6105-6130 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: Bombay Dyeing, Essar Shipping, Hindustan Dorr, Hotel Leela, Indian Oil Corp, JK Paper, ONGC, Sun Pharma, United Spirits,
NSE Nifty: (6084) The support for the Nifty is at 6030-6000-5970 and the resistance to the up move is at 6085-6105-6130 levels.
BSE Sensex: (20448) The support for the Sensex is at 20270-20075-20000 and the resistance to the up move is at 20450-20500-20640 levels.
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