Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened negative with 35 points for Nifty and 63 points for Sensex. Nifty saw further profit booking, exactly as per EquityPandit’s predictions. Nifty saw lows near EquityPandit’s predicted support levels of 8020. Sensex alsw saw lows exactly near EquityPandit’s predicted support levels of 26800. BankNifty also moved down and saw lows exactly at EquityPandit’s predicted support levels of 16100 like a dot. Finally, Nifty closed negative for the day.
Today: Indian Stock Market to open negative with 10-30 points for Nifty. Global markets will track US Federal Reserve’s two-day meeting ending on Wednesday. Still Nifty is in correction mode and Some further profit booking can’t be ruled out but as said earlier, every dip is an strong opportunity to enter into the market and go long. Tensions of US-Syria, Iraq crises can be a risk to further positive movement in Indian Stock Market. FII and Dii, both were net seller in Indian Stock Market for Rs.74.59 Crores and Rs.74.49 crores respectively. Indian Stock Market would see Strong support at 8000-7980-7920 levels for Nifty whereas resistance would be seen at 8080-8135-8180 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: (8042) The support for the Nifty is at 8000-7980-7920 and the resistance to the up move is at 8080-8135-8180 levels.
NSE BankNifty: (16168) The support for the BankNifty is at 16100-16050-15900 and the resistance to the up move is at 16250-16300-16380 levels.
BSE Sensex: (26817) The support for the Sensex is at 26800-26680-26500 and the resistance to the up move is at 27000-27150-27252 levels.
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