Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap positive with 50 points for Nifty. Nifty saw sharp positive movements exactly as per EquityPandit’s predictions. Nifty saw day’s high exactly at EquityPandit’s predicted resistance levels of 7638 like a dot. Traders, who traded long as per EquityPandit’s suggestion might have earned huge profits in today’s trading session. Finally, Nifty closed gap positive for the day just below EquityPandit’s predicted resistance levels of 7638 levels.
Today: Indian Stock Market to open gap positive with 20-50 points. Today, Nifty would see further short-covering and market is expected to recover. FIIs were net sellers of Rs.162.92 crores in Indian Stock Market whereas DIIs were net buyers of Rs.234.41 crores on Monday. Indian Stock Market would see Strong support at 7588-7565-7529 levels for Nifty whereas resistance would be seen at 7684-7710-7753 levels. Traders can go long today until Nifty holds 7588 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: Aditya Birla Nuvo, BEML, BHEL, Bhushan Steel, BPCL, Britannia Inds, Coal India, Educomp Sol, Engineers India, Essar Oil, Gillete India, Glaxosmithkl Phar, GTL Infra, IFCI, Indian Oil Corp, IVRCL LTD, Jaiprakash Asso, MOIL, Motherson Sumi, National Fert, NMDC, OIL INDIA, Parsvnath Dev, Punjab & Sind Bank, Procter & Gamble, RECLTD, Shipping Corp, STC, Sun Pharma, Suven Life, Tata Power, TV18 Broadcast, Wockhardt, Zicom Elect.
NSE Nifty: (7626) The support for the Nifty is at 7588-7565-7529 and the resistance to the up move is at 7684-7710-7753 levels.
NSE BankNifty: (14847) The support for the BankNifty is at 14800-14658 and the resistance to the up move is at 15002-15156-15375 levels.
BSE Sensex: (25519) 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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