Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with negative bias with just 0.40 points for Nifty. Nifty saw strong profit booking, exactly as per EquityPandit’s predictions. Nifty made lows exactly near EquityPandit’s predicted support levels of 8050 levels. BankNifty also saw lows near EquityPandit’s predicted support levels of 15900. Finally, Indian Stock Market closed negative for the day.
Today: Indian Stock Market to open flat. Nifty can see further profit booking but overall trend is still positive until Nifty holds 8000 levels. FIIs were still a net buyers of Rs.1697.74 crores whereas DIIs were net sellers of Rs.555.23 crores in Indian Stock Market on Thursday. Indian Stock Market would see Strong support at 8050-8000-7965 levels for Nifty whereas resistance would be seen at 8135-8220 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8096) The support for the Nifty is at 8050-8000-7965 and the resistance to the up move is at 8135-8220 levels.
NSE BankNifty: (16034) The support for the BankNifty is at 15900-15790 and the resistance to the up move is at 16120-16210-16380 levels.
BSE Sensex: (27086) The support for the Sensex is at 26950-26880-26720 and the resistance to the up move is at 27170-27380 levels.
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