Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 70 points for Nifty. Nifty moved positive and achieved Equitypandit’s target of 8000 level.Traders who followed EquityPandit’s suggestions to go long might have earned huge profits for the day.Sensex also saw highs right on equityPandit’s predicted resistance levels of 26800 like a dot. BankNifty again saw new record highs as per EquityPandit’s predictions. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open flat in Diwali’s Muhurat trading session of 1 hour. Huge volatility would be seen but overall, Nifty would remain rangebound and would trade in small range. FIIs were net buyers of Rs.7.54 crores whereas DIIs were net buyers of Rs.375.55 crores in Indian Stock Market on Wednesday. Now traders should trade positive until Nifty holds 7975 level as it would act as important support level for Nifty. Nifty would see strong upport at 7975-7875 levels wheraes strong resistance would be seen at 8032-8100 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. EquityPandit’s Team Wishes you all a Very Happy Diwali and Prosperous New Year.
Diwali Muhurat Picks: Investors can invest in fundamentally strong stocks on this Diwali with a time horizon of atleast 1 year. Top Picks for Muhurat Trading are Infosys, Axisbank, L&T, CoalIndia, Zee Entertainment Ltd., Lupin and Exide Industries.
NSE Nifty: (7996) The support for the Nifty is at 7975-7875 and the resistance to the up move is at 8032-8100 levels.
NSE BankNifty: (16445) The support for the BankNifty is at 16350-16280 and the resistance to the up move is at 16500-16580-16660 levels.
BSE Sensex: (26818) The support for the Sensex is at 26700-26500 and the resistance to the up move is at 26820-27000 levels.
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