Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with 6 points positive for the day. Nifty moved positive and saw highs exactly near EquityPandit’s predicted resistance levels of 7965 levels like a dot. BankNifty also saw strong resistance near EquityPandit’s predicted resistance levels of 15760 levels and closed just below those levels. Nifty remained positive exactly as per EquityPandit’s predictions and traders who went long on EquityPandit’s suggestions might have earned decent profits on Thursday. Finally, Nifty closed positive just below EquityPandit’s predicted resistance levels.
Today: Indian Stock Market to open flat for the day but would move positive. Nifty would still be considered positive and once it breaches levels of 7968 on positive side then it would sell levels of 8000-8073 in upcoming sessions. Overall Nifty is positive until it holds 7840 levels and traders should go long at every dip. Better than expected GDP numbers is another positive news for Indian Stock Market. FIIs were net sellers of Rs.710.63 crores whereas DIIs were net buyers of Rs.730.43 crores in Indian Stock Market on Thursday. Indian Stock Market would see Strong support at 7920-7900-7840 levels for Nifty whereas resistance would be seen at 7968-8000-8073 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: (7954) The support for the Nifty is at 7920-7900-7840 and the resistance to the up move is at 7968-8000-8073 levels.
NSE BankNifty: (15740) The support for the BankNifty is at 15660-15600-15500 and the resistance to the up move is at 15800-15900-16000 levels.
BSE Sensex: (26638) The support for the Sensex is at 26500-26380-26270 and the resistance to the up move is at 26680-26770-27880 levels.
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