Last Trading Session: Exactly as predicted by EquityPandit, Nifty opened gap negative with 50 points for Nifty. Nifty saw some shoart covering (positive movement) in early trade, exactly as per EquityPandit’s predictions. Nifty was not able to sustain at higher levels and exactly as per EquityPandit’s predictions, Nifty fell down sharply and saw lows right on EquityPandit’s predicted support levels of 7840 like a dot. Traders, who followed EquityPandit’s suggestion to go short in market, might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.
Today: Indian Stock Market to open negative with 15-40 points for Nifty. Indian Stock Market is still in downtrend but since it is over stretched, a bounce back can be seen in days to come. Breaching levels of 7825-7800, would force Nifty to seel levels of 7745 in days to come. FIIs were net sellers of Rs.332.84 crores whereas DIIs were net buyers of Rs.327.65 crores in Indian Stock Market on Tuesday. Indian Stock Market would see Strong support at 7825-7800-7745 levels for Nifty whereas resistance would be seen at 7925-8000 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7852) The support for the Nifty is at 7825-7800-7745 and the resistance to the up move is at 7925-8000 levels.
NSE BankNifty: (15180) The support for the BankNifty is at 15096-14970-14800 and the resistance to the up move is at 15350-15600 levels.
BSE Sensex: (26272) The support for the Sensex is at 26000-25850 and the resistance to the up move is at 26380-26570-26700 levels.
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