Last Trading Session: Indian Stock Market opened flat with negative bias. Exactly as predicted by EquityPandit, Indian Stock Market saw some profit booking but strong supports were seen near EquityPandit’s predicted support levels of 7840 levels. Nifty moved positive from there, exactly as predicted by EquityPandit. Finally Nifty was able to sustain and close above 7900 levels.
Today: Indian Stock Market to open positive with 10-40 points for Nifty as S&P 500 hit record high. Now, since we are ahead of F&O Expiry day and a short trading week, huge intraday volatility would be seen in a rangebound region. Overall Nifty is positive until it holds 7840 levels. FIIs were net buyers of Rs.302.06 crores whereas DIIs were net sellers of Rs.183.64 crores in Indian Stock Market on Tuesday. Indian Stock Market would see Strong support at 7840-7780-7740 levels for Nifty whereas resistance would be seen at 7930-7965-8000 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: (7905) The support for the Nifty is at 7840-7780-7740 and the resistance to the up move is at 7930-7965-8000 levels.
NSE BankNifty: (15624) The support for the BankNifty is at 15600-1550 and the resistance to the up move is at 15707-15900-16000 levels.
BSE Sensex: (26443) The support for the Sensex is at 26380-26270-26200 and the resistance to the up move is at 26550-26770 levels.
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