Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias. Indian Stock Market saw profit booking in initial hours of trading , exactly as per EquityPandit’s predictions. BankNifty saw lows exactly at EquityPandit’s predicted support levels of 15450. Sensex also saw lows at EquityPandit’s predicted support levels of 26270. Nifty moved positive from day’s low and saw highs exactly at EquityPandit’s predicted resistance levels of 7920 like a dot. BankNifty also saw highs exactly near EquityPandit’s predicted resistance levels of 15740. Traders, who followed EquityPandit’s suggestions to go long, might have earned huge profits. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open flat with positive bias. Analysis would still remain same. Some intraday profit booking would be seen but overall Nifty trend is still positive until Nifty holds 7780 levels. BankNifty has came into long-term buying trend as it has breached inverse Head and Shoulder pattern and hence it would see record highs in a day or two. BankNifty can see levels of 16000 in days to come. FIIs were net buyers of Rs.412.77 crores whereas DIIs were net buyers of Rs.63.74 crores in Indian Stock Market on Thursday. Indian Stock Market would see Strong support at 7780-7740 levels for Nifty whereas resistance would be seen at 7920-7959-8000 levels. Traders can go long until Nifty holds 7780 levels by closing. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7891) The support for the Nifty is at 7780-7740 and the resistance to the up move is at 7920-7959-8000 levels.
NSE BankNifty: (15662) The support for the BankNifty is at 15600-15450-15220 and the resistance to the up move is at 15742-16000 levels.
BSE Sensex: (26360) The support for the Sensex is at 26270-26200-26000 and the resistance to the up move is at 26550-26770 levels.
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