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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap positive with 50 points for Nifty. As EquityPandit predicted, Indian stock Market moved sharply positive and breached resistance of 7680 for Nifty. Traders, who followed EquityPandit advice to go long might have earned huge intraday profits. Sensex and Nifty saw record highs. Finally Nifty closed gap positive at 7725 levels. Sensex also saw strong resistance near EquityPandit’s predicted resistance levels of 25850 levels and closed just below those levels.
Today: Indian Stock Market to open flat with positive bias. Important dates for markets:
3rd July: HSBC service PMI. 4th July: Foreign reserves. 8th July: Rail Budget. 10th July:Union Budget, Balance of Trade. 11th July: IIP, MFG production. 14th July: Inflation data.
Indian Stock Market to see further positive movement in days to come but some profit booking can’t be ruled out after two consecutive days of positive movement. 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: (7725) The support for the Nifty is at 7780-7800-7875 and the resistance to the up move is at 7680-7600 levels.
BSE Sensex: (25841) 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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