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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias. As EquityPandit predicted, Indian stock Market moved sharply positive backed by Auto and Metal sector and saw highs exactly at EquityPandit’s predicted resistance levels of 7650 like a dot. Finally, Nifty closed positive for the day just below EquityPandit’s predicted resistance levels.
Today: Indian Stock Market to open positive with 20-50 points for Nifty and 60-150 points for Sensex. This week is full of news. 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 and it looks like today it would breach resistance of 7680 for Nifty. Nifty would see strong resistance at 7680-7705-7720 whereas strong support would be seen at 7600-7550-7500. 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: (7635) The support for the Nifty is at 7600-7550-7500 and the resistance to the up move is at 7680-7705-7720 levels.
BSE Sensex: (25516) The support for the Sensex is at 25450-25320-25180 and the resistance to the up move is at 25650-25740-25850 levels.
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