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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with just 4 points positive for Nifty. Nifty saw highs exactly near EquityPandit’s predicted resistance levels of 7680 levels. Iraq issues forced market to fall down sharply where Nifty saw lows exactly near EquityPandit’s predicted support levels of 7500 levels. Finally, Indian Stock Market closed gap negative for the day. Sensex also saw lows exactly at EquityPandit’s predicted support levels of 25100 and highs at EquityPandit’s predicted resistance levels of 25650 levels.
Today: Indian Stock Market to open positive with 20-50 points for Nifty. Markets may resume its positive trend. The Federal Reserve indicated that interest rates would stay low for some time at the conclusion of its two-day policy review, which is a positive news for Global Markets. BankNifty would move positive. Some profit booking may be seen at EquityPandit’s predicted resistance levels but overall direction would be positive. Technically, 7580-7550-7500 would act as strong support for Nifty. Nifty would see strong resistance at 7680-7720 levels for Nifty. Traders should buy at every dip in the market. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7558) The support for the Nifty is at 7550-7500-7480 and the resistance to the up move is at 7680-7720 levels.
BSE Sensex: (25246) The support for the Sensex is at 25220-25100-25000 and the resistance to the up move is at 25650-25780 levels.
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