Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock market opened positive with 10 points for Nifty. Nifty saw positive movements but in rangebound region as predicted by EquityPandit. Nifty saw resistance exactly at EquityPandit’s predicted resistance levels of 6080 like a dot. Sensex also saw highs exactly near EquityPandit’s predicted resistance levels of 20450. Finally Nifty was not able to sustain and fell down sharply to close negative for the day. Market traded yesterday with very low volumes and remained flat for the complete trading session.
Today: Indian Stock Market to open flat with positive bias. Technically analysis would remain same. 6030-6000-5970 would act as support for Nifty whereas resistance would be seen at 6080-6105-6130 levels for Nifty. Nifty would still consolidate in a rangebound region until it breaches EquityPandit’s predicted support or resistance levels. 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: Aditya Birla Nuvo, Aditya Birla Chem, Bajaj Elect, BF Utilities, Dr Reddys Lab, Fortis Healthcare, GMR Infra, Gujarat Gas, HPCL, Indian Hotels, JK Tyre, Opto Circuits, Orchid Chem, STC, Tata Steel, Tips Inds and Uflex.
NSE Nifty: (6053) The support for the Nifty is at 6030-6000-5970 and the resistance to the up move is at 6080-6105-6130 levels.
BSE Sensex: (20334) 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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