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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with 6 points positive for Nifty. Market saw sideways movement in a rangebound region exactly as per EquityPandit’s predictions. Nifty moved just in the small range of 15 points on either sides. Finally market closed flat for the day.
Today: Indian Stock Market may open flat. Today is F&O Expiry day and huge volatility can’t be ruled out for the day. Few of the Indian Corporate giants would disclose their financial results, which would affect Indian Stock Market direction. Indian Stock Market would see some profit booking at higher levels, get stabilized there and would take a fresh upmove again, which would give another opportunity for investors to enter into the market and enjoy the rally. Investors and traders should wait for market to come down and then enter into it at different levels. Nifty would see strong resistance at 7380-7505-7570 levels whereas support would be seen at 7270-7242-7200 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: ANANTRAJ, Arvind Remedies, Atlas Cycle, Bajaj Elect, Bajaj Steel, Bharat Agri, BHEL, BPCL, Cipla, Coal India, Crompton Greav, Deccan Gold, DLF, Dunlop India, Eros Intl Media, Gayatri Proj, GMR Infra, GNRL, Gujarat Fluo, Gujarat Mnrl, Hindalco Inds, HSIL, Indian Oil Corp, IPCA Lab, Jindal Stainless, Kalpataru Power, Kohinoor Foods, Liberty Shoes, Lloyd Electric, Mercator, MMTC, Mukta Arts, Natco Pharma, ONGC, Page Inds, Power Grid Corp, PVR, Subex, Sun Pharma, Tata Invest, Tata Motors, Tata Power, TATAMOTORS-DVR, Venkys India, Vijay Shanti Bld, Zee Learn.
NSE Nifty: (7330) The support for the Nifty is at 7270-7242-7200 and the resistance to the up move is at 7380-7505-7570 levels.
BSE Sensex: (24556) The support for the Sensex is at 24500-24300-24100 and the resistance to the up move is at 25000-25500 levels.
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