Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 44 points for Nifty. Indian Stock Market saw strong bounce back, exactly as per EquityPandit’s predictions. Sensex saw strong resistance exactly near EquityPandit’s predicted resistance levels of 26700. BankNifty was the top gainer of the day and closed right on EquityPandit’s predicted resistance levels of 15740 like a dot. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open gap negative and all eyes are on Q2 numbers of Indian IT Giant- Infosys, that would disclose its numbers today. Overall Indian Stock market is in negative trend and would consolidate in a rangebound region but some positive pullback can be seen on the cards. Further market direction would be decided by Infy numbers for today. Surprisingly, FIIs were still a net sellers of Rs.20.89 crores even in today’s positive movement, which is not a favorable news for Indian Stock Market. DIIs were net buyers of Rs.623.64 crores in Indian Stock Market on Thursday. Indian Stock Market would see Strong support at 7900-7840-7825 levels for Nifty whereas resistance would be seen at 8000-8032-8064 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7961) The support for the Nifty is at 7900-7840-7825 and the resistance to the up move is at 8000-8032-8064 levels.
NSE BankNifty: (15741) The support for the BankNifty is at 15500-15340 and the resistance to the up move is at 15880-16075-16200 levels.
BSE Sensex: (26637) The support for the Sensex is at 26400-26200 and the resistance to the up move is at 26700-26900-27082 levels.
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