Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive with 15 points for Nifty. Nifty moved positive as per EquityPandit’s predictions but was not able to sustain higher levels. Sensex also saw highs exactly at EquityPandit’s predicted resistance levels of 27240 like a dot. Indian Stock Market remained rangebound throughout the day and closed flat for the day.
Today: Indian Stock Market to open gap negative with 15-50 points for Nifty. Nifty has now entered F&O Expiry week and huge volatility in a rangebound region would be seen. Nifty may see some profit booking at higher levels. FIIs were net sellers of Rs.6.53 crores whereas DIIs were net buyers of Rs.237.15 crores in Indian Stock Market on Friday. Indian Stock Market would see Strong support at 8080-8040-8000 levels for Nifty whereas resistance would be seen at 8132-8180-8200 levels. Traders can go long until Nifty holds 8080 levels on closing basis. If Nifty closes below 8080 levels then traders and short term investors should book profits for their holdings. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8121) The support for the Nifty is at 8080-8040-8000 and the resistance to the up move is at 8132-8180-8200 levels.
NSE BankNifty: (16152) The support for the BankNifty is at 16000-15800 and the resistance to the up move is at 16250-16320-16500 levels.
BSE Sensex: (27090) 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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