Last Trading Session: Indian Stock Market opend flat and recovered. Nifty fell down sharply soon after opening and saw lows exactly near EquityPandit’s predicted support levels of 7700 levels. As EquityPandit predicted that market is now set for short covering (positive movement) and exactly same happened. Market saw sharp positive movement from day low and saw highs exactly near EquityPandit’s predicted resistance levels of 8840. Market remained rangebound between EquityPandit’s predicted support and resistance levels for Nifty, BankNifty and Sensex. BankNifty led the market again as predicted by EquityPandit. Traders who followed Equitypandit’s predicted support and resistance levels for their trading, might have earned huge profits for the day.
Today: Indian Stock Market to open gap positive with 50-120 points for Nifty. Dow jones positive movement, Deregulation of Deisel and NDA win in assembly elections is a positive news for market. Nifty would move sharply positive but some profit booking can be seen at higher levels near EquityPandit’s predicted resistance levels. FIIs were net seller of Rs. 1430.03 crores whereas DIIs were net buyers of Rs.737.31 crores in Indian Stock Market on Friday. Traders should go long with 7800-7720 as strict stoploss for Nifty on spot levels. BankNifty may see record lifetime high in days to come. Indian Stock Market would see Strong support at 7800-7720-7700 levels for Nifty whereas resistance would be seen at 7900-7930-8000 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7780) The support for the Nifty is at 7800-7720-7700 and the resistance to the up move is at 7900-7930-8000 levels.
NSE BankNifty: (15930) The support for the BankNifty is at 15900-15700 and the resistance to the up move is at 16075-16200-16380 levels.
BSE Sensex: (26109) The support for the Sensex is at 26000-25880 and the resistance to the up move is at 26550-26800 levels.
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