Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened negative with 18 points for Nifty. Nifty moved sharply negative as EquityPandit predicted that strong profit booking would be seen. Nifty saw lows exactly on EquityPandit’s predicted support levels of 8080 like a dot. BankNifty also mad lows right on EquityPandit’s predicted support levels of 16050 like a dot. BankNifty recovered from its day lows and saw strong resistance at EquityPandit’s predicted resistance levels of 16200 like a dot. Finally, Indian Stock Market closed negative for the day, with Banking Sector looking somewhat strong.
Today: Indian Stock Market to open flat for the day. Some further profit booking can be seen but as said earlier, every dip is an strong opportunity to enter into the market and go long. FIIs were still a net sellers of Rs.9.91 crores whereas DIIs were net sellers of Rs.511.25 crores in Indian Stock Market on Wednesday. Indian Stock Market would see Strong support at 8080-8050-8020 levels for Nifty whereas resistance would be seen at 8135-8180-8220 levels. Overall trend for Nifty is still positive until Nifty holds 8080 levels by closing. 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: (8094) The support for the Nifty is at 8125-8100-8080 and the resistance to the up move is at 8135-8180-8220 levels.
NSE BankNifty: (16152) The support for the BankNifty is at 16050-15900 and the resistance to the up move is at 16200-16300-16380 levels.
BSE Sensex: (27057) The support for the Sensex is at 27000-26940-26800 and the resistance to the up move is at 27252-27380-27500 levels.
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