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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market would open 66 points positive for Nifty. Nifty moved sharply positive to 160 points positive but than strong profit booking was seen as per EquityPandit’s predictions. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 7200 levels for Nifty and fell down sharply on the note of profit booking. Finally Nifty managed to close positive with 95 points. Sensex also closed right below EquityPandit’s predicted resistance levels of 23900.
Today: Indian Stock Market to open positive with 20-40 points for Nifty. Indian Stock Market would consolidate before Election Poll results on May 16, 2014. Nifty support levels for this week would be 6870-6730-6500 whereas resistance may be seen at 7172-7200-7279 levels. The positive rally would be led only by Banking, Infrastructure, Power and Capital Goods sectors, so traders can bet on these sectors. 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: Asian Paints, Bajaj Finserv, Bajaj Finance, Bartronics, Gabriel India, Gammon India, Geojit Bnp, Gujarat Alk, Gujarat Auto, ICRA, Info Edge India, Lakshmi Vilas Bank, Mphasis, Nilkamal, Tata Steel, Tech Mahindra,
NSE Nifty: (7109) The support for the Nifty is at 6870-6730-6500 and the resistance to the up move is at 7172-7200-7279 levels.
BSE Sensex: (23871) The support for the Sensex is at 23500-23000-22840 and the resistance to the up move is at 23900-24500-25000 levels.
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