Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias. Nifty saw highs exactly at EquityPandit’s predicted resistance levels of 7920 like a dot. Indian Stock Market saw strong profit booking as per EquityPandit’s predictions. BankNifty also saw day’s lows right on EquityPandit’s predicted support levels of 15450 like a dot. Finally, Nifty closed negative for the day.
Today: Indian Stock Market to open flat with positive bias. Analysis would remain same. Some intraday profit booking can’t be ruled out at this point of time but overall, Nifty trend is still positive until it holds 7780 levels. BankNifty, if closed above 15620 levels, then would be forced to see sharp positive movements till 16000 levels. FIIs were net buyers of Rs.251.36 crores whereas DIIs were net sellers of Rs.481.37crores in Indian Stock Market on Wednesday. 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: (7875) The support for the Nifty is at 7780-7740 and the resistance to the up move is at 7920-7959-8000 levels.
NSE BankNifty: (15482) The support for the BankNifty is at 15450-15220-15110 and the resistance to the up move is at 15640-15742-16000 levels.
BSE Sensex: (26314) 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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