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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened with flat with 2 points positive for Nifty. Nifty moved positive led by Banking sector but saw strong resistance at EquityPandit’s predicted resistance levels of 7450 levels for Nifty. Sensex also saw highs exactly at EquityPandit’s predicted resistance levels of 25000 levels. Profit booking was seen at higher levels. Traders, who followed EquityPandit’s advice to buy near support and sell near EquityPandit’s resistance might have earned good profits. Finally, Nifty closed negative for the day.
Today: Indian Stock Market may open flat. Technically, analysis would remain same and Nifty should still consolidate between EquityPandit’s predicted support and resistance levels before moving further positive. Nifty would see strong resistance at 7450-7500-7520 levels whereas support would be seen at 7340-7300-7240 levels. Infrastructure sector, metal sector and Insurance sector should boost in upcoming days and investors should look for Midcap Infrastructure companies for investments. Traders can go long near support levels and short near resistance levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7402) The support for the Nifty is at 7340-7300-7240 and the resistance to the up move is at 7450-7500-7520 levels.
BSE Sensex: (24806) The support for the Sensex is at 24600-24450-24270 and the resistance to the up move is at 25000-25500 levels.
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