Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with 2 point negative for Nifty. Nifty again saw lifetime record highs exactly as per EquityPandit’s predictions. Nifty saw strong resistance exactly below EquityPandit’s predicted resistance levels of 7860 levels. As EquityPandit said that Nifty is too stretched and a negative reaction would be seen and exactly same happened. Nifty saw sharp profit booking and fell down to see lows exactly at EquityPandit’s predicted support levels of 7750 like a dot. Finally, Nifty closed negative for the day. Sensex also remained rangebound between EquityPandit’s predicted support and Resistance levels of 25950 and 26380 respectively.
Today: Indian Stock Market to open flat with positive bias for the day. Now, we are in F&O Expiry week, which is a short week as Tuesday is holiday on Festival of Ramzan Id and hence huge volatility would be seen. The range of Nifty has now been stretched between 7650 at the lower side and 8000 levels at the positive side. FIIs have been net buyers of Rs.125.51 crores in Indian Stock Market on Friday. Indian Stock Market would see Strong support at 7750-7700-7650 levels for Nifty whereas resistance would be seen at 7860-7900-8000 levels. Traders should go long until Nifty holds 7750 levels by closing 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: BANKBARODA, Dabur India, Godrej Cons, Havells India, Hindustan Unilever, Inox Leisure, L&T, Noida Toll, Praj Inds, Shriram City Uni,Torrent Power, UPL, Vijaya Bank.
NSE Nifty: (7790) The support for the Nifty is at 7750-7700-7650 and the resistance to the up move is at 7860-7900-8000 levels.
BSE Sensex: (26127) 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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