Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 40 points for Nifty on Tuesday. Nifty moved sharply negative from there and saw lows right on EquityPandit’s predicted support levels of 7820 levels. Sensex also saw day highs right on EquityPandit’s predicted resistance levels of 26550 like a dot. Sensex also moved down sharply to see lows exactly near EquityPandit’s predicted support levels of 26200. Finally, Indian Stock Market closed negative for the day.
Today: Indian Stock Market to open negative with 10-30 points for Nifty. Since Equitypandit warned traders and investors for last 3 days that if S&P 500 breaches its 200 DMA then sharp downfall can be seen in US Markets and exactly same happened. US Market fell down 2.5% on Wednesday in a single day, which would surely affect Indian Stock Market. Market would see further profit booking but 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. Nifty may see levels of 7800-7754 going ahead. Traders should go short until Nifty breaches Equitypandit’s predicted resistance levels. BankNifty would enter into negative trend, if it breaches levels of 15360 by closing on negative side. Indian Stock Market would see Strong support at 7798-7754-7680 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: (7864) The support for the Nifty is at 7798-7754-7680 and the resistance to the up move is at 7900-7930-8000 levels.
NSE BankNifty: (15752) The support for the BankNifty is at 15360-15160-15075 and the resistance to the up move is at 15880-16075 levels.
BSE Sensex: (26349) The support for the Sensex is at 26075-25700-25500 and the resistance to the up move is at 26550-26700-26900 levels.
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