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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market moved sharply positive before Exit polls. The rally was led by BankNifty, which EquityPandit was betting on. Nifty has seen sharp positive movement on expectation of NDA coming in majority. BankNifty moved 713 points up in a single day. Nifty, BankNifty and Sensex has seen record highs on Friday. As EquityPandit said that breaching EquityPandit resistance levels would force Nifty to see a strong breakout and same happened.

Today: Indian Stock Market to open flat with positive bias. Now, the range of resistance and support levels has increased drastically, due to Election Exit polls. Huge movement would be seen in either side, possibly positive side in a day or two. Nifty support levels for this week would be 6770-6500 whereas resistance may be seen at 7000-7200 levels. The positive rally would be led only by Banking, Infrastructure, Power and Capital Goods sectors, so traders can bet on these sectors. Since high movement is expected, traders are suggested to hedge their positions with options to avoid any high risk. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Important Results to be declared today: Balrampur Chini, Finolex Inds, Indian Bank, JustDial,  Orchid Chem, Siyaram Silk, TajGVK Hotels, Thirumalai Chem, Torrent Power, TV Today, Wanbury.

NSE Nifty: (6859) The support for the Nifty is at 6770-6500 and the resistance to the up move is at 7000-7200 levels.

BSE Sensex: (22994) The support for the Sensex is at 22300-22000 and the resistance to the up move is at 23500-25000 levels.

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