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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with 4 points positive for Nifty. Indian Stock Market saw profit booking at higher levels, exactly as per EquityPandit’s predictions. Nifty remained rangebound between EquityPandit’s predicted support and resistance levels. Finally, Nifty and Sensex closed just above EquityPandit’s predicted resistance levels of 7300 for Nifty and 24500 levels for Sensex.
Today: Indian Stock Market may open flat. Technically, Indian Stock Market would see sideways movement in a rangebound region in coming day. Nifty would consolidate in this range for few days. 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: Amara Raja, Ansal Housing, Apollo Hosp, BEML, Bharat Bijlee, Bombay Rayon, Datamatics Glob, Delta Corp, Dishman Pharma, Dredging Corp, Escorts, GHCL, Godfrey Phil, Godrej Inds, Havells India, Hero MotoCorp, Hind Rectifiers, HPCL, Indraprastha Gas, Insecticides India, JK Tyre, Jubilant Inds, Karur Vysya Bank, Max India, National Alum, National Fert, Nectar Life, NESCO, Parsvnath Dev, Pidilite Inds, Precision Wires, SAIL, TATAGLOBAL, Trent, Unitech,
NSE Nifty: (7318) 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: (24549) 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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