Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened 15 points negative for Nifty. Indian Stock Market saw profit booking mainly led by BankNifty on poor Inflation and IIP Data as predicted by EquityPandit. Nifty saw highs exactly at EquityPandit’s predicted resistance levels of 7753 levels like a dot. Sensex also saw strong support and resistance at EquityPandit’s predicted support and resistance levels of 25765 and 25997 levels respectively. BankNifty also saw strong support at EquityPandit’s predicted support levels of 14848 like a dot. Finally, Nifty closed positive for the day but all banking and Infra stocks closed gap negative for the day.
Today: Indian Stock Market to open flat with positive bias. Nifty would hold strong before Independence day. The only driving force for the market is expectation from Prime Minster’s speech for declaration of some new projects and reforms on 15th August. FIIs were net buyers of Rs.718.27 crores in Indian Stock Market whereas DIIs were net buyers of Rs.22.03 crores on Wednesday. Indian Stock Market would see Strong support at 7688-7638-7588 levels for Nifty whereas resistance would be seen at 7753-7800-7840 levels. 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: ABG Shipyard, Alok Inds, Ansal Housing, COX KINGS, Eros Intl Media, Gitanjali Gems, Hindalco, INDIAB POWER, Lanco Infra, Mcnally Bharat, Moser Baer, MTNL, Nitin Fire, Orchid Chem, Page Inds, Pipavav Defence, PFC, Reliance Cap, Reliance Comm, S Kumar Nation, Spicejet, Tilaknagar Inds, United Bank, Vadilal Inds, Vijay Shanti Bld, Videocon Inds, VST Tillers, Voltamp Trans.
NSE Nifty: (7740) The support for the Nifty is at 7688-7638-7588 and the resistance to the up move is at 7753-7800-7840 levels.
NSE BankNifty: (14911) The support for the BankNifty is at 14848-14658 and the resistance to the up move is at 15080-15156-15375 levels.
BSE Sensex: (25918) The support for the Sensex is at 25765-25600-25438 and the resistance to the up move is at 25997-26294 levels.
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