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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias. Nifty saw highs exactly at EquityPandit’s predicted resistance levels of 7680 like a dot and saw strong profit booking from there as predicted. Nifty fell down sharply but saw lows exactly at EquityPandit’s predicted support levels of 7580 like a dot. Most of the railway sector stocks were in upper circuit as predicted by EquityPandit. Traders who followed EquityPandit’s suggestions for the day, might have earned huge profits on Tuesday. Nifty recovered from day low to close flat for the day.
Today: Indian Stock Market may open flat with positive bias. Technically, analysis would remain same and 7500 would act as strong support for Nifty. IT, Pharma and railway sectors may lead the market in next few day. Cement Metal and Auto segment would remain strong. BankNifty would see some profit booking. There may still be some profit booking but traders and investors should not get confused correction with downtrend and should buy at every dip as this is the bull market. Nifty would see strong resistance at 7680-7800-7877 levels for Nifty, whereas support would be seen at 7580-7500-7450. IIP and CPI data which would be disclosed on Thursday would decide further market direction. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7656) The support for the Nifty is at 7580-7500-7450 and the resistance to the up move is at 7680-7800-7877 levels.
BSE Sensex: (25584) The support for the Sensex is at 25450-25340-25000 and the resistance to the up move is at 25650-25720-25880 levels.
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