Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock market opened flat with positive bias. Nifty consolidated in a ragenbound 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 closed flat with positive bias for the day.
Today: Indian Stock Market to open positive with 10-30 points for Nifty. Technically analysis would remain same. 6030-6000-5970 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: Apollo Tyres, Bata India, Bhushan Steel, BPCL, Cipla, Coal India, Eicher Motors, Gammon Infra, Gujarat Auto, Gujarat Mnrl, Hindustan Copp, IL&FS TRANS, Insecticides India, OIL INDIA, OFSS, Tata Comm.
NSE Nifty: (6063) 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: (20363) 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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