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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat on Wednesday. As EquityPandit suggested traders to go long at every downtrend and market hit record highs again on Wednesday. Nifty and Sensex traded between EquityPandit’s predicted support and resistance levels. Nifty closed right on EquityPandit’s predicted resistance levels of 6838 levels.
Today: Indian Stock Market to open negative with 10-30 points for Nifty and 30-80 points for Sensex. 6850-6865-6900 would act as a strong resistance for Nifty. Whereas support would be seen at 6800-6780-6740. Today, few of the Indian Giants would disclosed their results, which would impact market direction. Some profit booking can’t be ruled out at this point of time but overall market trend is positive and traders are suggested to go long on every downtrend, till poll results. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Results to be declared today: Axis Bank,Bosch, Cera Sanitary, Exide Inds, ICICI Bank, IDFC, Maruti Suzuki, Sasken Comm, Siemens.
NSE Nifty: (6841) The support for the Nifty is at 6800-6780-6740. and the resistance to the up move is at 6850-6865-6900 levels.
BSE Sensex: (22877) The support for the Sensex is at 22770-22700-22620 and the resistance to the up move is at 22920-23000-23050 levels.
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