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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened with gap positive with 45 points for Nifty. Overall Market remained positive as per EquityPandit’s predictions. Nifty remained rangebound between EquityPandit’s predicted support levels of 7200 and resistance of 7420 levels. Finally, Nifty closed right below EquityPandit’s predicted resistance levels of 7280 levels for Nifty. Sensex also saw highs right below EquityPandit’s predicted resistance levels of 24600 like a dot.
Today: Indian Stock Market may open flat with positive bias. Overall, market would remain in positive momentum but some profit booking can’t be ruled out now after a long positive trend. 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: Dhampur Sug Mil, GTL Infra, Hinduja Glob, JK Paper, Mahindra Ugine, NIIT, Sahara One, Technocraft, Texmaco Rail & Engg, Uco Bank, Welspun Projects, WPIL, Zee Entert, ZEEMEDIA.
NSE Nifty: (7276) 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: (24377) 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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