Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap with 25 points for Nifty. Nifty saw lows right on EquityPandit’s predicted support levels of 7935 like a dot. EquityPandit suggested traders to buy on dips until Nifty holds 7920 levels. Nifty moved positive from there as traders were suggested to go long at EquityPandit’s predicted support levels, which might have generated huge profits for traders. After a long struggle, Nifty breached EquityPandit’s resistance levels of 8080 and saw highs exactly at EquityPandit’s predicted next resistance of 8120 levels. BankNifty also saw strong resistance right at EquityPandit’s predicted resistance levels of 16170 like a dot. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open positive. Nifty is in strong positive momentum on Chinese Prime Minister’s investment plans in India. FIIs were net sellers of Rs.9.57 crores whereas DIIs were net buyers of Rs.84.45 crores in Indian Stock Market on Thursday. Now, Nifty is ready to see new highs and next logical targets are 8180-8200 in days to come. Indian Stock Market would see Strong support at 8080-8000 levels for Nifty whereas resistance would be seen at 8132-8180-8200 levels. Traders can go long until Nifty holds 8080-8000 levels on closing basis. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8115) The support for the Nifty is at 8080-8000 and the resistance to the up move is at 8132-8180-8200 levels.
NSE BankNifty: (16157) The support for the BankNifty is at 16000-15800 and the resistance to the up move is at 16250-16320-16500 levels.
BSE Sensex: (27112) The support for the Sensex is at 26920-26700 and the resistance to the up move is at 27240-27355-27500 levels.
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