Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap negative with 40 points for Nifty. Nifty saw strong profit booking from higher levels exactly as per EquityPandit’s predictions but saw strong support at 8080-8040 levels for Nifty. BankNifty also saw strong support at EquityPandit’s predicted support levels of 16000. Sensex also saw lows exactly at EquityPandit’s predicted levels of 26920 like a dot. Indian Stock Market recovered from day lows and made highs exactly near EquityPandit’s predicted resistance levels of 8180 levels for Nifty, 16250 levels for BankNifty and 27240 levels for Sensex. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open flat with negative bias. Nifty is near F&O Expiry day and huge volatility in a rangebound region would be seen. Nifty may still see some profit booking at higher levels. FIIs were net sellers of Rs.186.41 crores whereas DIIs were net buyers of Rs.31.49 crores in Indian Stock Market on Monday. Indian Stock Market would see Strong support at 8080-8040-8000 levels for Nifty whereas resistance would be seen at 8165-8180-8200 levels. Traders can go long until Nifty holds 8080 levels on closing basis. If Nifty closes below 8080 levels then traders and short term investors should book profits for their holdings. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8146) The support for the Nifty is at 8080-8040-8000 and the resistance to the up move is at 8165-8180-8200 levels.
NSE BankNifty: (16195) The support for the BankNifty is at 16000-15800 and the resistance to the up move is at 16270-16320-16500 levels.
BSE Sensex: (27207) The support for the Sensex is at 26920-26700 and the resistance to the up move is at 27250-27355-27500 levels.
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