Last Trading Session: As predicted by EquityPandit, Indian Stock Market opened flat. Nifty moved sharply positive exactly as per EquityPandit’s predictions. Nifty, BankNifty and Sensex continued to make new record highs as per EquityPandit’s predictions. Sensex also saw highs right on EquityPandit’s predicted resistance levels of 28000 like a dot. Traders who followed EquityPandit’s suggestions to go long might have earned huge profits in last trading session. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open 10-20 points positive. Indian Stock Market would continue to move higher in a cyclic fashion. Market would consolidate at this point and Some temporary profit booking can’t be ruled out at this point of time but overall market direction would remain positive and Traders should still trade long. FIIs were net buyers of Rs.1030.85 crores whereas DIIs were net sellers of Rs.1204.63 crores in Indian Stock Market on Wednesday. Nifty would see strong support at 8290-8265-8200 levels whereas strong resistance would be seen at 8400-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Results to be Disclosed Today: ARVIND, BALRAMCHINI, BANKBARODA, BEL, CHAMBLFERT, ENGINERSIN, ESSAROIL, GSPL, JETAIRWAYS, LT, MAHABANK, MARICO, MMTC, PETRONET, POLARIS, SONATSOFTW, STAR, SUNTV, SYNDIBANK, UCOBANK, UNITEDBNK, VIJAYABANK.
NSE Nifty: (8338) The support for the Nifty is at 8290-8265-8200 and the resistance to the up move is at 8400-8500 levels.
NSE BankNifty: (17353) The support for the BankNifty is at 16930-16800-16740 and the resistance to the up move is at 17425-17500-17600 levels.
BSE Sensex: (27916) The support for the Sensex is at 27600-27500 and the resistance to the up move is at 28000-28240 levels.
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