Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive with 30 points for Nifty. Nifty moved positive and closed right below EquityPandit’s predicted resistance levels of 7930 like a dot. BankNifty moved positive and saw record lifetime high exactly as per EquityPandit’s predictions. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open gap positive with 30-70 points for Nifty. Nifty may cross 8000 mark in upcoming days, which is acting as psychological resistance for Nifty. FIIs were net buyers of Rs.32.4 crores whereas DIIs were net buyers of Rs.68.94 crores in Indian Stock Market on Tuesday. Now traders should trade positive until Nifty holds 7875 levels as it would act as important support level for Nifty. Nifty would see strong upport at 7890-7875-7850 levels wheraes strong resistance would be seen at 7980-8000-8032 levels. BankNifty would continue making new record highs and has more momentum to go positive. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7928) The support for the Nifty is at 7890-7875-7850 and the resistance to the up move is at 7980-8000-8032 levels.
NSE BankNifty: (16427) The support for the BankNifty is at 16350-16280-16150 and the resistance to the up move is at 16500-16660 levels.
BSE Sensex: (26576) The support for the Sensex is at 26500-26340-26200 and the resistance to the up move is at 26680-26800-27000 levels.
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