Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap positive with 40 points for Nifty. Nifty saw strong support near EquityPandit’s predicted support levels of 7920 levels. Nifty moved sharply positive as per EquityPandit’s predictions and saw highs exactly near EquityPandit’s predicted resistance levels of 8000. Sensex also saw strong resistance at EquityPandit’s predicted resistance levels of 26700 levels. BankNifty remained weak and saw lows exactly at EquityPandit’s predicted support levels of 15800 like a dot. Finally Nifty and Sensex closed positive for the day but BankNifty closed flat with negative bias.
Today: Indian Stock Market to open 10-30 points negative for the day. Market would remain rangebound. Some further profit booking would be seen but Nifty would be considered buy on dips until it holds 7920-7840 levels. FIIs were net buyers of Rs.136.08 crores whereas DIIs were net sellers of Rs.161.19 crores in Indian Stock Market on Wednesday. Indian Stock Market would see Strong support at 7935-7920-7840 levels for Nifty whereas resistance would be seen at 8000-8045-8080 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: (7975) The support for the Nifty is at 7935-7920-7840 and the resistance to the up move is at 8000-8045-8080 levels.
NSE BankNifty: (15839) The support for the BankNifty is at 15800-15600 and the resistance to the up move is at 16090-16170-16250 levels.
BSE Sensex: (26631) The support for the Sensex is at 26380-26270 and the resistance to the up move is at 26700-26880-27000 levels.
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