Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap positive with 30 points for Nifty. Overall Nifty moved positive, exactly as per EquityPandit’s predictions and traders who followed EquityPandit’s predictions to go long might have earned handsome profits for the day. Sensex, Nifty and BankNifty also closed just above EquityPandit’s predicted resistance levels of 26550, 7930 and 15707 like a dot. Finally, Nifty managed to close positive for the day.
Today: Indian Stock Market to open flat with positive bias. Today is F&O Expiry and a truncated week due to holiday on Friday in Indian Stock Market and hence huge volatility would be seen between EquityPandit’s predicted support and resistance levels. Overall Nifty is positive until it holds 7840 levels. Interestingly, FIIs were net buyers of Rs.290.18 crores whereas DIIs were net buyers of Rs.236.99 crores in Indian Stock Market on Wednesday. Indian Stock Market would see Strong support at 7840-7780-7740 levels for Nifty whereas resistance would be seen at 7960-8000-8073 levels. Traders can go long until Nifty holds 7840 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: (7936) The support for the Nifty is at 7840-7780-7740 and the resistance to the up move is at 7960-8000-8073 levels.
NSE BankNifty: (15718) The support for the BankNifty is at 15600-1550 and the resistance to the up move is at 15760-15900-16000 levels.
BSE Sensex: (26560) The support for the Sensex is at 26380-26270-26200 and the resistance to the up move is at 26600-26770 levels.
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