Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with just 5 points negative for Nifty. Nifty made new highs yesterday exactly as per EquityPandit’s predictions and traders who followed EquityPandit’s suggestions to go long might have earned huge profits yesterday. Nifty saw highs exactly at Equitypandit’s predicted resistance levels of 8180 like a dot. BankNifty also made highs right on EquityPandit’s predicted resistance levels of 16770 levels like a dot. Sensex also closed just below EquityPandit’s predicted resistance levels of 27355 levels. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open gap positive with 25-60 points for Nifty on new F&O Series. Nifty would continue to make new record highs. BankNifty would also follow the trend and new highs would be achieved in upcoming sessions. Traders should trade long until Nifty holds 8100 levels. FIIs were net buyers of Rs.1257.49 crores whereas DIIs were net sellers of Rs.94.01 crores in Indian Stock Market on Thursday. Nifty would see strong support at 8150-8100-8050 levels whereas strong resistance would be seen at 8250-8300 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Results to be Desclosed Today: CENTURYTEX, GAIL, IDBI, ITC, NMDC, NTPC, PFC, SUNDARMFIN, SUZLON, UNIONBANK.
NSE Nifty: (8169) The support for the Nifty is at 8150-8100-8050 and the resistance to the up move is at 8250-8300 levels.
NSE BankNifty: (16760) The support for the BankNifty is at 16600-16500 and the resistance to the up move is at 16800-16880-17000 levels.
BSE Sensex: (27346) The support for the Sensex is at 27200-27075-27000 and the resistance to the up move is at 27500-27660 levels.
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