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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market would open flat with positive bias but would see a sharp positive rally led by Banking,  Infrastructure, Power and Capital Goods sectors. Nifty and Sensex has seen strong resistance right on EquityPandit’s predicted resistance levels of 7000 and 23500 respectively. Finally, Indian Stock Market has seen gap closing in expectation of majority of NDA in exit polls.

Today: Indian Stock Market to open gap positive with 50-100 points for Nifty on Exit polls survey, with most of them showing majority seats for NDA. Later during the day, there can be some profit booking seen. Nifty support levels for this week would be 6870-6730-6500 whereas resistance may be seen at 7056-7200-7279 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: Aptech, Bank of Maharashtra, Bank Of Baroda, BF Utilities, Dr Reddys Lab, IIFL, Gujarat State Fert, IL&FS TRANS, Mangalam Cem, Nestle India, PNB, Tata Coffee, Tata Comm.

NSE Nifty: (7014) The support for the Nifty is at 6870-6730-6500  and the resistance to the up move is at 7056-7200-7279  levels.

BSE Sensex: (23551) The support for the Sensex is at 23000-22840-22300 and the resistance to the up move is at 23900-25000 levels.

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