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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened with gap positive with 75 points for Nifty and 220 points for Sensex. Overall Market remained positive as per EquityPandit’s predictions. Nifty saw strong support at EquityPandit’s predicted support levels of 7200 and again rebounded from there. Finally, market closed gap positive with 60 points for Nifty and 241 points for Sensex.
Today: Indian Stock Market may open gap positive with 20-50 points for Nifty and 50-120 points for Sensex. Overall, market would remain in positive momentum and we can see levels of 7500-8000 in upcoming days for Nifty. Some profit booking can’t be ruled out. Investors and short term traders should look for fundamentally good midcaps segment stocks in Infra and Real-estate to earn handsome profits in short term as midcap segment in these sectors would now see new highs in days to come. Nifty would see strong resistance at 7280-7420-7570 levels whereas support would be seen at 7200-7108-7000 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: Aditya Birla Nuv, Atul Auto, Care, Dhanuka Agri, Eclerx Serv, Essar Oil, GTL, Hindusthan Nat, Kolte Patil, Mangalore Ref, Muthoot Cap, Punj Lloyd, TIL, VIP Inds, Welspun India.
NSE Nifty: (7264) The support for the Nifty is at 7200-7108-7000 and the resistance to the up move is at 7280-7420-7570 levels.
BSE Sensex: (24363) The support for the Sensex is at 24100-23850-23000 and the resistance to the up move is at 24520-24600-25000 levels.
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