Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with exactly 30 points for Nifty. Nifty achieved EquityPandit predicted target of 7754 levels on the negative side and moved further negative. Traders who followed EquityPandit’s suggestion to go short with EquityPandit’s predicted resistance levels of 7900 as stoploss, might have earned whooping returns today. Nifty saw highs just below EquityPandit’s predicted resistance levels of 7900. Finally Nifty closed gap negative for the day just below EquityPandit’s predicted targets of 7754.
Today: Indian Stock Market to open gap positive with 20-60 points for Nifty. Yesterday’s downfall was already predicted by EquityPandit and now market is set to see some short covering (positive movement). Overall, Market would remain rangebound as all eyes are now set on Election results that are going to be disclosed on Sunday. Polls estimated NDA win with clear majority, which is a positive news for markets. FIIs were net seller of Rs. 1128.37 crores whereas DIIs were net buyers of Rs.664.45 crores in Indian Stock Market on Thursday. Even in yesterday’s downfall, BankNifty was able to hold EquityPandit’s predicted support of 15360. BankNifty would enter into negative trend only if it breaches levels of 15360 by closing on negative side. Indian Stock Market would see Strong support at 7700-7680-7650 levels for Nifty whereas resistance would be seen at 7840-7900-7930 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7748) The support for the Nifty is at 7700-7680-7650 and the resistance to the up move is at 7840-7900-7930 levels.
NSE BankNifty: (15542) The support for the BankNifty is at 15470-15360-15160-15075 and the resistance to the up move is at 15880-16075 levels.
BSE Sensex: (25999) The support for the Sensex is at 25700-25500 and the resistance to the up move is at 26200-26380-26550 levels.
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