Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with just 4 points positive for Nifty. Nifty moved positive but saw strong resistance near EquityPandit’s predicted resistance levels of 8135 levels but since EquityPandit predicted that market would see further profit booking, it fell down sharply and saw low exactly at EquityPandit’s predicted support levels of 8050 like a dot. Sensex also saw highs exactly at EquityPandit’s predicted resistance levels of 27170 levels like a dot and fell down near to EquityPandit’s predicted support levels of 26950 levels. BankNifty also followed EquityPandit’s predictions and saw highs exactly at EquityPandit’s predicted resistance levels of 16120 and lows of 15900 like a dot. Traders, who followed EquityPandit’s advice to go short near resistance and long near EquityPandit’s predicted supports might have earned huge profits on Friday. Finally, Indian Stock Market closed negative for the day.
Today: Indian Stock Market to open positive with 10-40 points for Nifty. Overall trend for Nifty is still positive until it holds 8050-8000 levels by closing. FIIs were still a net buyers of Rs.310.51 crores whereas DIIs were net sellers of Rs.354.81 crores in Indian Stock Market on Friday. Indian Stock Market would see Strong support at 8050-8000-7965 levels for Nifty whereas resistance would be seen at 8140-8220 levels. Traders should go long at EquityPandit’s predicted support levels and short at EquityPandit’s predicted resistance levels with small stoplosses. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8087) The support for the Nifty is at 8050-8000-7965 and the resistance to the up move is at 8140-8220 levels.
NSE BankNifty: (15982) The support for the BankNifty is at 15900-15790 and the resistance to the up move is at 16120-16210-16380 levels.
BSE Sensex: (27026) The support for the Sensex is at 26940-26880-26720 and the resistance to the up move is at 27170-27380 levels.
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