Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 120 points for Nifty. Nifty moved positive and saw highs right on EquityPandit’s predicted resistance levels of 7900 levels. Sensex also saw strong resistance at EquityPandit’s predicted resistance levels of 26550 levels. Nifty saw some profit booking at higher levels exactly as predicted by EquityPandit. Traders, who followed EquityPandit’s suggestions to go long until Nifty holds 7800 levels might have earned whooping profits for the day. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open positive with 10-30 points for Nifty. Indian Stock Market is in positive momentum but some profit booking would definitely be seen at higher levels as Nifty is trading in truncated week with just 2 more trading sessions in this week. FIIs were net buyers of Rs. 1040.08 crores whereas DIIs were net sellers of Rs.166.11 crores in Indian Stock Market on Monday. Now Traders should consider Nifty in a rangebound region with 7905-7930-8000 as strong resistance zone whereas support would be seen at 7800-7720 levels for Nifty. BankNifty may see record lifetime high in days to come. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7879) The support for the Nifty is at 7800-7720 and the resistance to the up move is at 7905-7930-8000 levels.
NSE BankNifty: (16217) The support for the BankNifty is at 16150-16000-15900 and the resistance to the up move is at 16300-16380-16500 levels.
BSE Sensex: (26430) The support for the Sensex is at 26340-26200-26000 and the resistance to the up move is at 26550-26800 levels.
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