EquityPandit Completes 9 year of services.
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 gap positive with 40 points for Nifty. Indian Stock Market saw short covering led by banking sector exactly as per EquityPandit’s predictions. Nifty saw strong supports at EquityPandit’s predicted support levels of 7440. Finally Nifty closed positive with 73 points for the day.
Today: Indian Stock Market to open positive. Technically, further short covering (positive movement) can be seen in the Indian market. RBI Oks Long Term bonds for Banks and cheap loans for Infra Companies, which is a big relief for Banking and Infra sector and would force Banking and Infra sector to see further positive movements. FIIs have been net sellers for last 3 days, which is the risk to the market. Indian Stock Market is still in range and Strong support would be seen at 7440-7365 levels for Nifty whereas resistance would be seen at 7605-7700-7800 levels. Breaching any of the support or resistance levels by closing would decide the breakout or breakdown in the Market. 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.
Important Q1 Results to be Declared today: Bajaj Finserv, BAJFINANCE, CMC, Federal Bank, Kotak Mah Bank, Lakshmi Vilas Bank, South Indian Bank, Zee Learn.
NSE Nifty: (7527) The support for the Nifty is at 7440-7365 and the resistance to the up move is at 7605-7700-7800 levels.
BSE Sensex: (25229) The support for the Sensex is at 24970-24850-24500 and the resistance to the up move is at 25325-25620 levels.
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