Last Trading Session: Exactly as predicted by EquityPandit, Nifty opened negative with 10 points. Nifty saw some short covering (positive movements) as predicted by EquityPandit but saw highs exactly near EquityPandit’s predicted resistance levels of 8020. Nifty fell down sharply, exactly as per EquityPandit’s predictions and saw lows right on EquityPandit’s predicted support levels of 7920 like a dot. Sensex also saw strong resistance at EquityPandit’s predicted resistance levels of 26880. BankNifty also remained rangebound between EquityPandit’s predicted resistance levels and support levels. Traders who followed EquityPandit’s advice to short-sell near EquityPandit’s predicted resistance levels might have earned huge profits for the day. Finally, Indian Stock Market closed flat for the day.
Today: Indian Stock Market to open flat with negative bias. Market would remain highly volatile due to last trading day before 5 days holidays. Some short covering (positive movement) would definitely be seen but overall Indian Stock Market is in negative trend and traders should look for short-selling at every positive movement with small stoplosses at EquityPandit’s predicted resistance levels on spot basis. FIIs were net sellers of Rs.485.93 crores whereas DIIs were net buyers of Rs.201.24 crores in Indian Stock Market on Tuesday. 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: (7965) 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: (15392) 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: (26630) 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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