EquityPandit Completes 9 year of services today.
We are pleased to inform you that EquityPandit have completed successfully 9 years in business since we commenced commercial operations on 10 July 2005. We take this opportunity to thank you for doing business with us and for your continued trust and support.
Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat. Indian Stock Market saw further correction as per EquityPandit’s predictions. Nifty saw lows at 7550 levels. As EquityPandit that selling rallies can trigger anytime and hence suggested traders to trade in small quantity and same happened. Finally, Nifty closed just above EquityPandit’s predicted support levels of 7580 levels like a dot.
Today: Indian Stock Market to open positive but since today is the D-Day and the Union Budget would be declared, hence market would decide its further direction only after budget. There is equal chance of a breakout or breakdown, depending upon, what is been given in Budget. The good part is that FIIs were still net buyers of Rs.645.19 crores yesterday, even when market saw a sharp down fall, which gives us impression that FIIs are buying into dips. Sharp short covering can be seen at any point of time, if budget supported. Important dates for markets:
10th July:Union Budget, Balance of Trade. 11th July: IIP, MFG production, Infosys Q1 earnings. 14th July: Inflation data.
Nifty would see strong resistance at 7805-7875-8000 levels whereas strong support would be seen at 7500-7440-7300. Traders should buy near EquityPandit’s predicted support levels and should sell near EquityPandit’s predicted resistance levels in this market for Intraday profits. Rrallies can trigger anytime and hence traders should trade with small quantity. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7585) The support for the Nifty is at 7500-7365-7250 and the resistance to the up move is at 7805-7875-8000 levels.
BSE Sensex: (25445) The support for the Sensex is at 25320-25000-24500 and the resistance to the up move is at 26000-26190-26370 levels.
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