Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. Some sharp profit booking was seen once few Exit Polls for Bihar Elections started coming in. Nifty saw strong support at EquityPandit’s predicted support levels of 7950 and closed just above those support levels. Bank Nifty saw lows right at EquityPandit’s predicted support levels of 16953 like a dot and bounced from those levels. Sensex also closed right above EquityPandit’s predicted support levels of 26300 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone for now. Chanakya’s Exit Polls were too promising and predicted a clear majority of NDA and this may act as a positive news for Indian Stock Market. Anyhow, today many of the biggest Indian Companies (Nifty Heavyweights) would disclose their results and that would surely affect Indian Stock market movement. Huge volatility would be seen today. Bank Nifty, if closes above 17240, then we could witness big breakout in the market on Monday. Strength would be seen in Nifty, if it breaches levels of 8050 on the positive side. FIIs were net sellers of Rs.991.87 crores whereas DIIs were net buyers of Rs.636.15 crores in last trading session. Nifty would see strong support at 7938-7900-7880-7845 whereas strong resistance would be seen at 8050-8080-8120 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: ABG Shipyard, Aurobindo Pharma, Bank Of Baroda, BEML, BHEL, Bosch, Eicher Motors, Essar Oil, GlaxoSmithkline, Godrej Industries, GSPL, Hindustan Copper, IL&FS Transportation, Info Edge, M&M, Max India, Notherson Sumi, ONGC, PC Jeweller, Punj Lloyd, PNB, RCom, SRF, SBI, TV Today, Tata Chemicals, Tatainvest, Tata Motors, Tata Motors-DVR, Triveni Turbine, Union Bank Of India, Vijaya Bank, Voltas and VST Industries.

NSE Nifty: (7955) The support for the Nifty is 7938-7900-7880-7845 and the resistance to the up move is at 8050-8080-8120 levels.

NSE BankNifty: (16995) The support for BankNifty is at 16875-16750-16640-16435 and the resistance to the up move is at 17240-17480-17570-17660 levels.

BSE Sensex: (26304) The support for the Sensex is at 26215-26160-25950-25650 and the resistance to the up move is at 26560-26735-26950 levels.

Note:  If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

Premium Subscription Pricing details can be seen at Stock Market Premium Services