Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 44 points for Nifty and 114 points for Sensex. EquityPandit predicted that market would see some positive movement today but would see strong resistance at 8120 levels and exactly same happened. Nifty moved sharply positive but saw strong resistance right near EquityPandit’s predicted resistance levels of 8120 and rebounded from there. Nifty fell down sharply to close in negative region.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone. Exit Polls would be disclosed today after market hours which would affect Indian Stock Market direction, tomorrow. Today, market may see some sideways movement in either side direction but real volatility would start from tomorrow. FIIs were net buyers of Rs.33.16 crores whereas DIIs were net sellers of Rs.74.90 crores in last trading session. Nifty would see strong support at 8030-8000-7980-7950 whereas strong resistance would be seen at 8120-8150-8180-8210 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
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Important Results to be disclosed today: Aban, Arvind Ltd, Bajaj Electricals, Castrol India, Cipla, Cummins India, Future Retail, ICRA, Jublfood, Manappuram finance, Novartis India, OFSS, SJVN, Tata Global Beverages, Tata Steel and Trent.
NSE Nifty: (8040) The support for the Nifty is 8030-8000-7980-7950 and the resistance to the up move is at 8120-8150-8180-8210 levels.
NSE BankNifty: (17221) The support for BankNifty is at 17170-17060-16953-16875 and the resistance to the up move is at 17480-17570-17660 levels.
BSE Sensex: (26533) The support for the Sensex is at 26375-26300-26215 and the resistance to the up move is at 26735-26950-27060-27165 levels.
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