Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias. Nifty moved positive as per EquityPandit’s predictions. As EquityPandit predicted that BankNifty would move sharply positive as it has seen a breakout and exactly same happened. Nifty, Sensex and BankNifty traded between EquityPandit’s predicted support and resistance levels. Finally, Indian Stock Market saw record highs on Friday and closed just below those levels.
Today: Indian Stock Market to open 5-20 points negative for Nifty. Now we have entered into F&O Expiry week and trend is intact positive but some sharp profit booking (negative movements) would be seen. Nifty if breaches levels of 7959, then it would move sharply positive. FIIs were net buyers of Rs.302.06 crores whereas DIIs were net sellers of Rs.183.64 crores in Indian Stock Market on Friday. Indian Stock Market would see Strong support at 7850-7780-7740 levels for Nifty whereas resistance would be seen at 7930-7959-8000 levels. Traders can go long until Nifty holds 7850-7780 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: (7913) The support for the Nifty is at 7850-7780-7740 and the resistance to the up move is at 7930-7959-8000 levels.
NSE BankNifty: (15819) The support for the BankNifty is at 15690-15600-15450 and the resistance to the up move is at 15900-16000 levels.
BSE Sensex: (26420) 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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