Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap positive with 26 points for Nifty and 90 points for Sensex. Indian Stock Market moved sharply positive exactly as per EquityPandit’s predictions and breached intraday resistance of 7900 as predicted. Traders who followed EquityPandit’s suggestion to go long until Nifty holds 7780 levels, might have earned handsome profits on Tuesday. Nifty closed just below EquityPandit’s predicted resistance levels of 7900. Sensex and BankNifty also saw strong resistance exactly near EquityPandit’s predicted resistance levels of 26500 and 15600 levels.
Today: Indian Stock Market to open flat for the day. Nifty’s overall trend is still positive but some intraday profit booking can’t be ruled out at this point of time. BankNifty, if closed above 15620 levels, then would be forced to see sharp positive movements till 16000 levels. FIIs were net buyers of Rs.559.39 crores whereas DIIs were net sellers of Rs.263.37 crores in Indian Stock Market on Tuesday. 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: (7898) The support for the Nifty is at 7780-7740 and the resistance to the up move is at 7920-7959-8000 levels.
NSE BankNifty: (15525) 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: (26421) The support for the Sensex is at 26380-26200-26000 and the resistance to the up move is at 26550-26770 levels.
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