Last Trading Session: Exactly, as predicted by EquityPandit, Indian Stock Market opened 16 points positive for Nifty. Nifty, BankNifty and Sensex moved sharply positive and saw new record highs. Sensex also closed above 28000 for the first time. Traders, who followed EquityPandit’s advice to go long with EquityPandit’s predicted support levels as stoploss might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.
Last Trading Session: Exactly, as predicted by EquityPandit, Indian Stock Market opened 22 points positive for Nifty. Indian Stock Market saw some profit booking. Nifty saw highs right on EquityPandit’s predicted resistance levels of 8420 levels and lows right on EquityPandit’s predicted support levels of 8330. BankNifty also saw highs right on EquityPandit’s predicted resistance levels of 17660 like a dot. Finally, Indian Stock Market closed negative for the day.
Today: Indian Stock Market to open positive with 5-20 points for Nifty. Analysis would still remain same. Currently, Indian Stock Market is in positive trend and some big movements can’t be ruled out. For Now, Traders should go long with stoploss below EquityPandit’s predicted support levels. Some profit booking would definitely be seen and if Nifty breaches levels of 8290, then shorts can be initiated by traders. FIIs were net buyers of Rs.690.61 crores whereas DIIs were net sellers of Rs.738.24 crores in Indian Stock Market on Thursday. Nifty would see strong support at 8320-8290-8265 levels whereas strong resistance would be seen at 8420-8500 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: BEML, BHEL, BHUSANSTL, BRITANNIA, CESC, COX&KINGS, DEN, EDUCOMP, ESSARPORTS, FRL, GESHIP, GMRINFRA, GVKPIL, HDIL, JKTYRE, MCX, NATIONALUM, ONGC, PATELENG, PIPAVAVDOC, PTC, PUNJLLOYD, RCOM, RELCAPITAL, SBIN, SUNDARAM, SUVEN, TATAMOTORS, TATAMTRDVR, VIDEOIND.
NSE Nifty: (8357) The support for the Nifty is at 8320-8290-8265 and the resistance to the up move is at 8420-8500 levels.
NSE BankNifty: (17453) The support for the BankNifty is at 17380-17200-17091 and the resistance to the up move is at 17660-17840 levels.
BSE Sensex: (27940) The support for the Sensex is at 27800-27720-27600 and the resistance to the up move is at 28130-28240-28370 levels.
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