Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened negative with 20 points for Nifty. Nifty tried to recover but was not able to sustain at higher levels. Sensex also saw day’s high right on EquityPandit’s predicted resistance levels of 25768. BankNifty also saw strong resistance near EquityPandit’s predicted resistance levels of 15156 levels. Nifty went down sharply as predicted by EquityPandit. Nifty saw strong support right on EquityPandit’s predicted support levels of 7638 like a dot. Finally, Nifty closed negative just above EquityPandit’s predicted support levels of 7638 levels.
Today: Indian Stock Market to open gap negative with 20-50 points on Iraq worries. Today, Nifty is supposed to break strong support of 7600 on the negative side. FIIs were still net sellers of Rs.73.07 crores in Indian Stock Market on Thursday whereas DIIs were net buyers of Rs.228.99 crores. SBI quarterly results would be disclosed today, which would further direct the market for for today. Indian Stock Market would see Strong support at 7588-7529-7500 levels for Nifty whereas resistance would be seen at 7753-7800 levels. Traders can go short if Nifty breaches levels of 7638 levels with volumes. 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: SBI, Bajaj Hind, Chambal Fert, Corporation Bank, Essar Shipping, Finolex Cables, Gujarat State Fert, Jindal Stainless, Lloyd Electric, NDTV, PC Jeweller, Sun TV Network, Uttam Galva, WONDERLA.
NSE Nifty: (7649) The support for the Nifty is at 7588-7529-7500 and the resistance to the up move is at 7684-7710-7753 levels.
NSE BankNifty: (14987) The support for the BankNifty is at 14848-14658-14350 and the resistance to the up move is at 15002-15156-15375 levels.
BSE Sensex: (25589) The support for the Sensex is at 25438-25236 and the resistance to the up move is at 25601-25765-25997 levels.
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