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Last Trading Session: Indian Stock Market opened flat and saw profit booking, exactly as per EquityPandit’s predictions. Nifty saw highs exactly near EquityPandit’s predicted resistance levels of 6865 for Nifty and fell sharply from there. Nifty closed right above EquityPandit’s predicted support levels of 6780 levels. Sensex also saw resistance near EquityPandit’s predicted resistance levels of 22920 levels. Finally market closed gap negative for the day.
Today: Indian Stock Market to open flat with negative bias. 6800-6835-6870 would act as a strong resistance for Nifty. Whereas support would be seen at 6770-6740-6700. Today, few of the Indian Giants would disclosed their results, which would impact market direction. Some profit booking is still expected 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: Bajaj Corp, CHOLAFIN, Godrej Cons, HCL Infosystems, Hindustan Unilever, Idea Cellular, ITDC, JSW Holdings, Kirloskar Ferro, KPIT CUMMIN, Parrys Sugar, Shree Cement, SKS Microfinance, Tata Sponge, V-Mart Retail, Walchand People, Wyeth.
NSE Nifty: (6783) The support for the Nifty is at 6770-6740-6700 and the resistance to the up move is at 6800-6835-6870 levels.
BSE Sensex: (22688) The support for the Sensex is at 22600-22500-22420 and the resistance to the up move is at 22750-22875-22940 levels.
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