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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive with 22 points for Nifty. Nifty moved sharply lower from day highs. ONGC fell down more than 5%. Nifty saw strong support at EquityPandit’s predicted support of 7500 like a dot. Oil and Gas sector was biggest looser, whereas IT sector moved positive. Finally, market closed negative for the day.
Today: Indian Stock Market to open flat. Technically, Indian Stock Market is under consolidation phase and it would continue to remain so between range of 7450-7700 for Nifty. Breaching any of these levels would force Nifty the move sharply in that direction. Some short covering can’t be ruled out after two days of down move. 7500-7480-7450 would act as strong support for Nifty. Nifty would see strong resistance at 7605-7680-7720 levels for Nifty. Traders should buy near EquityPandit’s predicted support levels and should sell near EquityPandit’s predicted resistance levels in this market. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7541) The support for the Nifty is at 7500-7480-7450 and the resistance to the up move is at 7605-7680-7720 levels.
BSE Sensex: (25202) The support for the Sensex is at 25070-25000-24840 and the resistance to the up move is at 25430-25650-25780 levels.
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