Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat and moved sharply positive exactly as per EquityPandit’s predictions. Nifty breached 8000 levels, exactly as per EquityPandit’s predictions. Better than expected GDP Numbers took BankNifty to new record highs, exactly as per EquityPandit’s predictions. Sensex also saw strong resistnace at EquityPandit’s predicted resistance levels of 26880 and closed just below those levels. Traders and Investors, who followed EquityPandit’s advice to go long might have earned huge profits on Monday. Finally, Market closed gap positive for the day just below EquityPandit’s predicted resistance levels.
Today: Indian Stock Market to open flat for the day. Nifty is still positive and once it breaches levels of 8035, it would move to our targets of 8073 levels. New series have seen strength and hence if Nifty breaches levels of 8073 then next target would be 8132 levels. FIIs were net buyers of Rs.554.14 crores whereas DIIs were net sellers of Rs.561.69 crores in Indian Stock Market on Monday. Indian Stock Market would see Strong support at 8000-7965-7930 levels for Nifty whereas resistance would be seen at 8035-8073-8132 levels. Traders can go long until Nifty holds 7965 levels by closing. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8028) The support for the Nifty is at 8000-7965-7930 and the resistance to the up move is at 8035-8073-8132 levels.
NSE BankNifty: (16012) The support for the BankNifty is at 15900-15790 and the resistance to the up move is at 16060-16170-16380 levels.
BSE Sensex: (26868) The support for the Sensex is at 26730-26500 and the resistance to the up move is at 26900-27050-27180 levels.
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