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Last Trading Session: Exactly as per EquityPandit’s predictions, Nifty opened flat. Nifty saw highs exactly near EquityPandit’s predicted resistance levels of 6785 levels whereas supports were seen exactly at EquityPandit’s predicted support levels of 6700 for Nifty. Market remained rangebound between EquityPandit’s predicted support and resistance levels. Sensex also saw support near EquityPandit’s predicted support levels of 22420 levels.
Today: Indian Stock Market to open positive. 6750-6780-6800 would act as a strong resistance for Nifty whereas supports would be seen at 6700-6680-6650. Today, few of the Indian Giants would disclosed their results, which would impact market direction. Nifty would see some short covering (Positive movements) at this point of time after 3 consecutive days of losses. 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: Dewan Housing, Everest Inds, Honeywell Auto, IDBI Bank, JSW ENERGY, KEC Intl, Kotak Mahindra Bank, Marico, Merck, Oriental Bank, Petronet LNG, PTC India Fin, Raymond, Shriram City Uni, Sterlite Tech, Walchandnagar.
NSE Nifty: (6715) The support for the Nifty is at 6740-6700-6680 and the resistance to the up move is at 6785-6800-6835 levels.
BSE Sensex: (22466) The support for the Sensex is at 22420-22312-22250 and the resistance to the up move is at 22600-22720-22875 levels.
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