Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with 2 point positive for Nifty. Indian Stock Market saw further profit booking as per EquityPandit’s predictions. Nifty moved sharply down. Nifty closed negative for the day, right on EquityPandit’s predicted support levels of 7750 like a dot. Sensex also closed exactly on EquityPandit’s predicted support levels near 26000.
Today: Indian Stock Market to open flat for the day. Now, we are near F&O Expiry 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.75.04 crores in Indian Stock Market on Monday. HUL, L&T and ITC posted good numbers. Indian Stock Market would see Strong support at 7750-7700-7650 levels for Nifty whereas resistance would be seen at 7800-7860-7900 levels. Traders should go long until Nifty holds 7650 levels by closing below which Nifty would see a sharp negative trend. 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: Bank of India, Bharat Forge, Cadila Health, CESC, Dr Reddys Lab, Igarashi Motors, IRB Infra, Karnataka Bank, KEC Intl, Lupin, Mcdowell Hold, Mphasis, Pidilite Inds, STI India, Torrent Pharma, Welspun India.
NSE Nifty: (7749) The support for the Nifty is at 7750-7700-7650 and the resistance to the up move is at 7800-7860-7900 levels.
BSE Sensex: (25991) The support for the Sensex is at 25900-25750-25550 and the resistance to the up move is at 26200-26380-26520 levels.
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