Nifty Possess Strong Support At 9450, Go Long At Dips, ITC, SunPharma Results Today

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that there is strong chance of sharply short covering rally in BankNifty and Nifty. EquityPandit also predicted that market would enter into positive zone if it breaches 9464 levels for Nifty and 22810 levels for BankNifty and exactly same happened. Indian Stock Market moved sharply positive. BankNifty broke all resistances and made record highs. Sensex also made record highs for the day. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market, including Nifty, Sensex and BankNifty has entered into positive zone. Market has clearly witnessed bulls taking control. We may see some profit booking but market would see strong support at 9450 levels for Nifty. Traders, who missed the rally can go long near EquityPandit’s predicted support levels. Next target for Nifty would be 9550-9600 levels in days to come. Overall, market is positive and traders can go long at dips near EquityPandit’s predicted support levels. ITC and Sunpharma to disclose its results today.

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FIIs were net buyers of Rs.589.11 crores whereas DIIs were net sellers of Rs.236.44 crores in cash market for last trading session. Nifty would see strong support at 9470-9450-9420-9370 whereas strong resistance would be seen at 9535-9550-9600 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 Corporate Results Today: 3M India, Birla Corporation, Cox & Kings, Crompton Greaves, Divis Lab, FDC, Future Consumer, HPCL, ITC, Kwality, Mahanagar Gas, Navneet Education, NBCC, OnMobile Global, Siti Networks, SKF India, Sun Pharma, TV Today, Tata Chemicals, Tech Mahindra, Torrent Pharma and Trend Ltd..

NSE Nifty: (9510) The support for the Nifty is 9470-9450-9420-9370 and the resistance to the up move is at 9535-9550-9600 levels.

NSE BankNifty: (23190) The support for BankNifty is at 23060-22970-22865 and the resistance to the up move is at 23270-23400-23540 levels.

BSE Sensex: (30750) The support for the Sensex is at 30715-30600-30490 and the resistance to the up move is at 30800-30880-30950-31060 levels.

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