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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias. Indian Stock Market moved positive, again saw record highs, but was not able to sustain. Market saw profit booking exactly as predicted by EquityPandit. Nifty saw consolidation between EquityPandit’s predicted support and resistance levels of 7700 and 7780 levels. Finally, Nifty closed negative but managed to close above 7700 levels.
Today: Indian Stock Market to open positive with 10-30 points for Nifty. Important dates for markets:
4th July: Foreign reserves. 8th July: Rail Budget. 10th July:Union Budget, Balance of Trade. 11th July: IIP, MFG production. 14th July: Inflation data.
Analysis would remain same. Indian Stock Market to see further positive movement in days to come. Some correction would definitely be seen before Union Budget. Nifty would see strong resistance at 7780-7800-7875 levels whereas strong support would be seen at 7680-7600. Traders should buy near EquityPandit’s predicted support levels and should sell near EquityPandit’s predicted resistance levels in this market for Intraday profits. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7715) The support for the Nifty is at 7780-7800-7875 and the resistance to the up move is at 7680-7600 levels.
BSE Sensex: (25824) The support for the Sensex is at 25660-25500 and the resistance to the up move is at 26050-26370 levels.
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