Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that if rate cut is not seen then market can see sharp correction for the day and exactly same happened. Nifty and BankNifty moved sharply negative and saw lows right at EquityPandit’s predicted support levels of 8725 annd 19295 respectively, like a dot. Sensex also saw lows right at EquityPandit’s predicted support levels of 28890 like a dot and closed right on EquityPandit predicted support levels of 29000 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day.
Today: Indian Stock Market to open gap positive with 30-50 points for Nifty. Technically, BankNifty looks to see further profit booking but Nifty looks to sustain its support levels and hence IT should move positive to save Nifty. Pharma sector, mainly Ranbaxy and Sunpharma looks positive. Oil drilling companies would see positive movement due to rising crude prices. FIIs were net sellers of Rs.264.35 crores whereas DIIs were net sellers of Rs.137.31 crores on Tuesday. Nifty would see strong support at 8775-8725-8680-8625 levels whereas strong resistance would be seen at 8867-8930-9000 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Results to be Disclosed today: AUROPHARMA, BHARTIARTL, CANBK, CENTRALBK, CENTURYTEX, INDHOTEL, NOVARTIND, TATAPOWER, TIDEWATER, TUBEINVEST, WOCKPHARMA.
NSE Nifty: (8757) The support for the Nifty is at 8725-8680-8625 and the resistance to the up move is at 8800-8840-8930 levels.
NSE BankNifty: (19382) The support for BankNifty is at 19295-19108-18900 and the resistance to the up move is at 19540-19660-19870 levels.
BSE Sensex: (29000) The support for the Sensex is at 28890-28780-28500 and the resistance to the up move is at 29250-29410-29620 levels.
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