Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with 0.5 point positive for Nifty. Indian Market saw some profit booking in initial trading session as predicted by EquityPandit but strong support was seen near EquityPandit’s predicted support levels of 7750. Nifty saw strong positive momentum once it breached levels of 7810 levels as per EquityPandit’s predictions. Nifty saw new all time highs yesterday as predicted by EquityPandit. Traders, who followed EquityPandit’s suggestions to go long until Nifty holds 7700 levels, might have earned handsome profits yesterday. Finally, Nifty closed positive for the day just below its record highs.
Today: Indian Stock Market to open flat for the day. Technically, Indian Stock Market is in positive momentum but since it is too stretched a negative reaction can be seen in days to come on profit booking. Nifty would again see lifetime highs in stretched mode and levels near 7900 can be seen at some point of time. FIIs have been net buyers of Rs.282.44 crores in Indian Stock Market on Thursday. Indian Stock Market would see Strong support at 7770-7750-7700 levels for Nifty whereas resistance would be seen at 7860-7900 levels. Traders should go long until Nifty holds 7750 levels for handsome profits. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Q1 Results to be Declared today: Allahabad Bank, Ashok Leyland, Bartronics, Bharat Bijlee, Colgate Palmolive, Edelweiss Financial, Eveready Inds, Gujarat Petro, Gujarat Pipavav, Hindustan Fluoro, Indiabulls Real Est, Indian Bank, JK Lakshmi Cem, Just Dial, Kalindi Rail, LIC Housing Fin, Manappuram Finance, Novartis India, Omaxe, PNB, Raymond, Shriram Trans, Suzlon Energy, Thomas Cook, Uco Bank.
NSE Nifty: (7831) The support for the Nifty is at 7770-7750-7700 and the resistance to the up move is at 7860-7900 levels.
BSE Sensex: (26272) The support for the Sensex is at 25950-25750-25550 and the resistance to the up move is at 26380-26520 levels.
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