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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive with 37 points for Nifty and market remained positive throughout the trading session. Market remained rangebound throughtout the day. Sensex saw strong resistance at EquityPandit’s predicted resistance levels of 24520 levels from where Sensex reversed and fell down. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market may open positive with 15-40 points for Nifty. Technically, Analysis would remain same. Overall, market would remain in positive momentum. Today, Heavyweight, SBI and ITC would disclose its Financial Results, which would impact market direction. Index traders can buy Nifty at every downtrend. Nifty would see strong resistance at 7320-7420-7570 levels whereas support would be seen at 7250-7200-7108 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Financial Results to be declared today: Bosch, Colgate Palmolive, DHANLAK BANK, Engineers India, HDIL, India Nippon, ITC, Lakshmi Mach, Lanco Infra, Mcleod Russel, Munjal Showa, Neyveli Lignite, SBI, Shree Renuka Sug, SREI Infra, Strides Arco, Sudarshan Chem, Sun TV Network, TGB Banquets, Vardhman Tex.
NSE Nifty: (7276) The support for the Nifty is at 7250-7200-7108 and the resistance to the up move is at 7320-7420-7570 levels.
BSE Sensex: (24374) The support for the Sensex is at 24300-24100-23850 and the resistance to the up move is at 24520-24600-25000 levels.
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