Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat for the day. Nifty saw some correction exactly as per EquityPandit’s predictions and saw lows exactly at EquityPandit’s predicted support levels of 8130 like a dot. BankNifty and Sensex also saw strong supports near EquityPandit’s predicted support levels of 16050 and 27140 levels. Finally Nifty closed negative for the day.
Today: Indian Stock Market to open gap negative with 10-40 points for Nifty. Strong profit booking can be seen but every dip is an opportunity to enter into the market and go long. FIIs were still a net buyers of Rs.479.4 crores whereas DIIs were net sellers of Rs.752.09 crores in Indian Stock Market on Tuesday. Indian Stock Market would see Strong support at 8125-8100-8080 levels for Nifty whereas resistance would be seen at 8180-8220-8235 levels. Overall trend for Nifty is still positive until Nifty holds 8125 levels by closing. 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: (8153) The support for the Nifty is at 8125-8100-8080 and the resistance to the up move is at 8180-8220-8235 levels.
NSE BankNifty: (16156) The support for the BankNifty is at 16050-15900 and the resistance to the up move is at 16200-16300-16380 levels.
BSE Sensex: (27320) The support for the Sensex is at 27140-26940 and the resistance to the up move is at 27380-27500 levels.
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