Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat for the day. Nifty achieved EquityPandit’s target of 8073 for Nifty and made high of 8101.95 levels. Nifty managed to hold EquityPandit’s predicted support levels of 8000. Sensex saw strong resistance near EquityPandit’s predicted resistance levels of 27050. BankNifty made highs right on EquityPandit’s predicted resistance levles of 16170 like a dot. Traders who followed EquityPandit’s advice to go long in Nifty might have earned huge profits on Tuesday.
Today: Indian Stock Market to open flat for the day. Now, next logical target for Nifty is 8132 levels. Some profit booking can’t be ruled out at this point of time but overall market would remain positive for India. FIIs were net buyers of Rs.672.81 crores whereas DIIs were net sellers of Rs.167.85 crores in Indian Stock Market on Tuesday. Indian Stock Market would see Strong support at 8050-8000-7965 levels for Nifty whereas resistance would be seen at 8132-8220 levels. Traders can go long until Nifty holds 8000 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: (8083) The support for the Nifty is at 8050-8000-7965 and the resistance to the up move is at 8132-8220 levels.
NSE BankNifty: (16130) The support for the BankNifty is at 16050-15900-15790 and the resistance to the up move is at 16170-16380-16500 levels.
BSE Sensex: (27019) The support for the Sensex is at 26880-26730 and the resistance to the up move is at 27050-27180-27340 levels.
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Advice for – Wednesday, September 03, 2014