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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened with positive bias. Nifty moved up sharply but saw strong resistance just at EquityPandit’s predicted resistance levels of 7800 levels. Intraday traders, who followed EquityPandit suggestion to go long might have earned handsome profits. Finally Nifty closed positive for the day, just below EquityPandit’s predicted resistance levels of 7800 levels. Sensex closed above 26000 levels for the first time.

Today: Indian Stock Market to open flat. Today, Railway Budget would be disclosed, which would affect Indian Stock Market and set expectations for General Budget. Important dates for markets:

8th July: Rail Budget. 10th July:Union Budget, Balance of Trade. 11th July: IIP, MFG production, Infosys Q1 earnings. 14th July: Inflation data.

The Railway budget would now decide market direction and a sharp breakout or breakdown can be seen. Analysis would remain same. Nifty would see strong resistance at 7800-7875-8000 levels whereas strong support would be seen at 7750-7680-7650. Traders should buy near EquityPandit’s predicted support levels and should sell near EquityPandit’s predicted resistance levels in this market for Intraday profits. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (7787) The support for the Nifty is at 7750-7680-7650 and the resistance to the up move is at 7800-7875-8000 levels.

BSE Sensex: (26100) The support for the Sensex is at 25850-25660-25500 and the resistance to the up move is at 26370-26500 levels.

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