Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias and achieved EquityPandit’s next target of 8132 levels for Nifty. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 8132 levels and fell down sharply from there. BankNifty saw lows exactly at EquityPandit’s predicted support levels of 16050 like a dot. Finally, Indian Stock Market closed positive for the day and traders, who followed EquityPandit’s suggestions to go long, might have earned huge profits for the day.
Today: Indian Stock Market to open flat with negative bias. Now, Nifty can see some profit booking, which would just be a temporary correction but overall market is still positive. FIIs were still a net buyers of Rs.1288.57 crores whereas DIIs were net sellers of Rs.469.69 crores in Indian Stock Market on Wednesday. Indian Stock Market would see Strong support at 8050-8000-7965 levels for Nifty whereas resistance would be seen at 8150-8220 levels. 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 8050-8000-7965 and the resistance to the up move is at 8150-8220 levels.
NSE BankNifty: (16110) The support for the BankNifty is at 16050-15900-15790 and the resistance to the up move is at 16210-16380-16500 levels.
BSE Sensex: (27140) The support for the Sensex is at 27000-26880 and the resistance to the up move is at 27240-27380 levels.
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