Last Trading Session: Exactly as predicted by EquityPandit, Nifty opened flat with negative bias on last trading session. Nifty saw some temporary short covering (positive movement) as per EquityPandit’s predictions. Nifty moved sharply negative as EquityPandit predicted that overall market trend would still remain negative and saw lows near EquityPandit’s predicted support levels of 7920 levels. Sensex also remained rangebound between EquityPandit’s predicted support and resistance levels of 26480 and 26720 levels. Finally, Indian Stock Market closed negative as per EquityPandit’s predictions.
Today: Indian Stock Market to open negative with 15-50 points for Nifty. Market would open after 5 holidays and hence huge volatility along with some short covering (positive movement) can be seen but overall market trend would still remain negative. FIIs were net sellers of Rs.63.24 crores whereas DIIs were net buyers of Rs.155.69 crores in Indian Stock Market on Wednesday. Indian Stock Market would see Strong support at 7920-7840-7825 levels for Nifty whereas resistance would be seen at 8000-8032-8064 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7946) The support for the Nifty is at 7920-7840-7825 and the resistance to the up move is at 8000-8032-8064 levels.
NSE BankNifty: (15316) The support for the BankNifty is at 15200-15096-14970 and the resistance to the up move is at 15600-15740-15880 levels.
BSE Sensex: (26568) The support for the Sensex is at 26480-26340-26220 and the resistance to the up move is at 26720-26850-27000 levels.
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