Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat and moved positive on Diwali Muhurat Trading Session. Nifty saw highs right on EquityPandit’s predicted resistance levels of 8032 like a dot. Traders who followed EquityPandit’s suggestions to go long until Nifty holds 7975 levels, might have earned handsome returns for the day. Finally, Indian Stock Market remain rangebound for the day as predicted by EquityPandit and closed positive for the day.
Today: Indian Stock Market to open positive 15-35 points positive for Nifty and 40-100 points for Sensex. Now we have entered into F&O Expiry week and hence huge volatility cannot be ruled out. Overall, Indian Stock Market is heading towards new highs where Banking sector would lead the index. Now traders should trade positive until Nifty holds 7975 level as it would act as important support level for Nifty. Nifty is supposed to see new highs in days to come. But some gaps that were generated in last few trading session are the risk for further upmove and their are strong chances for Nifty to fill those gaps before further positive movement. Nifty would see strong support at 7975-7875 levels wheraes strong resistance would be seen at 8050-8100 levels. BankNifty would continue making new record highs and has more momentum to go positive. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8015) The support for the Nifty is at 7975-7875 and the resistance to the up move is at 8050-8100 levels.
NSE BankNifty: (16470) The support for the BankNifty is at 16350-16280 and the resistance to the up move is at 16500-16580-16660 levels.
BSE Sensex: (26851) The support for the Sensex is at 26700-26500 and the resistance to the up move is at 27000-27200 levels.
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