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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive and consolidated before Election Poll results. Positive rally was seen in PSU Banks, Infrastructures and Capital Goods as predicted by EquityPandit. Traders who followed EquityPandit’s suggestions might have earned handsome profits in yesterday’s market. Sensex closed just below EquityPandit’s predicted resistance levels of 23900 levels. Finally, Market closed flat for the day.

Today: Indian Stock Market to open flat with positive bias. Indian Stock Market would see some buying before Election Poll results on May 16, 2014. Both call and put options would see buying today and hence there is chance that both may see positive movement for today. Nifty support levels for this week would be 7080-6870-6730 whereas resistance may be seen at 7172-7200-7279 levels. The positive rally would be led only by Banking, Infrastructure, Power and Capital Goods sectors, so traders can bet on these sectors. Since, 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: Adani Ports, ADANI POWER, Alok Inds,Apollo Tyres, Arvind, Bajaj Auto, Bajaj Holdings, Balaji Tele, Balkrishna Inds, Bank of India, EID Parry, Essar Ports, EVERONN, Goodyear India, Gujarat Gas, J&K Bank, Kalindi Rail, Karnataka Bank, Manappuram Finance, Mangalore Chem, NCC, NTPC, Piramal Glass, S Kumar Nation, Tata Teleservices, Trident Ltd, TTK Prestige, Videocon Inds, Zydus Wellness.

NSE Nifty: (7109) The support for the Nifty is at 7080-6870-6730  and the resistance to the up move is at 7172-7200-7279  levels.

BSE Sensex: (23815) The support for the Sensex is at 23500-23000-22840 and the resistance to the up move is at 23900-24500-25000 levels.

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