Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with around 50 points for Nifty. As EquityPandit said that Indian Stock Market is heading towards new highs and Banking sector would lead the index and same happened. BankNifty saw lows right on EquityPandit’s predicted support levels of 16600 levels like a dot. BankNifty made new record highs exactly as per EquityPandit’s predictions. Nifty made highs right on EquityPandit’s predicted resistance levels of 8100 like a dot. Traders who followed EquityPandit’s suggestions to go long until Nifty holds 7985 levels, might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open flat with negative bias. Today is F&O Expiry and some profit booking can’t be ruled out. Traders should still trade positive until Nifty holds 7985 level as it would act as important support level for Nifty and one can go short, if those levels are breached. 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. FIIs were net buyers of Rs.785.61 crores whereas DIIs were net sellers of Rs.507.29 crores in Indian Stock Market on Wednesday. Nifty would see strong support at 7985-7875 levels wheraes strong resistance would be seen at 8100-8132-8180 levels. BankNifty may see some profit booking and one can go short with stoploss of 16800 levels for Intraday trading. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Results to be Declosed Today: ACC, ALBK, AMBUJACEM, ANDHRABANK, BHARTIARTL, CASTROLIND, CEATLTD, GLENMARK, HCC, ICICIBANK, IDFC, IOB, JUBLFOOD, MARUTI, NHPC, STINDIA, TAJGVK, TITAN, YESBANK.
NSE Nifty: (8090) The support for the Nifty is at 7985-7875 and the resistance to the up move is at 8100-8132-8180 levels.
NSE BankNifty: (16634) The support for the BankNifty is at 16600-16500-16320 and the resistance to the up move is at 16770-16880-17000 levels.
BSE Sensex: (27098) The support for the Sensex is at 26880-26700-26500 and the resistance to the up move is at 27200-27355 levels.
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