Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened negative with 10 points for Nifty. Nifty saw strong profit booking exactly as per EquityPandit’s predictions. Nifty saw lows right on EquityPandit’s predicted support levels of 7920 like a dot. Sensex also closed exactly near EquityPandit’s predicted support levels of 26500. Finally, Indian Stock Market closed gap negative for the day.
Today: Indian Stock Market to open gap positive with 20-50 points for Nifty. Now Nifty may see some short-covering (Profit booking) after a long downtrend. FIIs were net seller of Rs.828.95 crores whereas DIIs were net buyers of Rs.465.61 crores in Indian Stock Market on Tuesday. Indian Stock Market would see Strong support at 7920-7840 levels for Nifty whereas resistance would be seen at 8000-8045-8080 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: (7933) The support for the Nifty is at 7920-7840 and the resistance to the up move is at 8000-8045-8080 levels.
NSE BankNifty: (15844) The support for the BankNifty is at 15800-15600 and the resistance to the up move is at 16090-16170-16250 levels.
BSE Sensex: (26493) The support for the Sensex is at 26380-26270 and the resistance to the up move is at 26700-26880-27000 levels.
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