Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened 20 points positive for Nifty. Indian Stock Market moved sharply positive exactly as per EquityPandit’s predictions. Nifty saw strong resistance exactly at EquityPandit’s predicted resistance levels of 7800 like a dot. BankNifty also saw strong resistance near EquityPandit’s predicted reisistance levels of 15156. Finally, Indian Stock Market closed gap positive for the day just near EquityPandit’s predicted resistance levels of 15080 levels for BankNifty and 7800 levels for Nifty.
Today: Indian Stock Market to open flat with negative bias. Today’s move would decide the further direction for Indian Stock Market. If Nifty breaches levels of 7740-7700 by closing then we could see further downtrend in days to come. But if Nifty breaches levels of 7840 by closing then we would see levels of 7900-8000 in upcoming sessions. FIIs were net buyers of Rs.625.18 crores in Indian Stock Market whereas DIIs were net buyers of Rs.135.75 crores on Thursday. Indian Stock Market would see Strong support at 7740-7700-7688 levels for Nifty whereas resistance would be seen at 7840-7900 levels. Traders can go long until Nifty holds 7740-7700 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: (7792) The support for the Nifty is at 7740-7700-7688 and the resistance to the up move is at 7840-7900 levels.
NSE BankNifty: (15090) The support for the BankNifty is at 15000-14940-14845 and the resistance to the up move is at 15205-15440-15742 levels.
BSE Sensex: (26103) The support for the Sensex is at 25940-25760 and the resistance to the up move is at 26300-26500 levels.
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