Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened negative with 50+ points for Nifty. As predicted by EquityPandit that Nifty would break support of 7600 on Friday and exactly same happened. Nifty saw strong support near EquityPandit’s predicted support levels of 7529 levels. Sensex also saw lows right on EquityPandit’s predicted support levels of 25236 like a dot. Traders, who followed EquityPandit’s predictions to go short with stoploss of 7638 levels for Nifty, might have earned huge profits. Finally, Nifty closed gap negative for the day.
Today: Indian Stock Market to open gap positive with 20-60 points. Today, after a long correction, Nifty would see a strong short-covering and market is expected to recover. FIIs were net sellers of Rs.503.74 crores in Indian Stock Market on Friday whereas DIIs were net buyers of Rs.456.04 crores. Indian Stock Market would see Strong support at 7565-7529-7500 levels for Nifty whereas resistance would be seen at 7636-7684-7710 levels. Traders can go long today until Nifty holds 7529 levels for Nifty. 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: Bosch, Divis Lab, Eicher Motors, Gail India, Honeywell Auto, Hotel Leela, HPCL, Jain Irrigation, Jet Air India, LML, Muthoot Fin, SAIL, Sonata Software, Tata Motors, TATAMTRTDVR, Venkys India, Walchandnagar, Welspun Enterprises Limited.
NSE Nifty: (7569) The support for the Nifty is at 7565-7529-7500 and the resistance to the up move is at 7636-7684-7710 levels.
NSE BankNifty: (14766) The support for the BankNifty is at 14700-14658 and the resistance to the up move is at 15002-15156-15375 levels.
BSE Sensex: (25329) The support for the Sensex is at 25236 and the resistance to the up move is at 25601-25765 levels.
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