Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 31 points for Nifty. Nifty, Sensex and BankNifty made record highs exactly as per EquityPandit’s predictions. Traders, who followed EquityPandit’s predictions to go long might have earned whooping profits in last trading session. Finally, Nifty, Sensex and BankNifty closed gap positive just near record high levels.
Today: Indian Stock Market to open gap positive with 15-40 points for Nifty. Nifty would continue to make new record highs. BankNifty would also follow the trend and further new highs would be seen. Traders should trade long. Since now we have a truncated week with market holidays on Tuesday, November 04, 2014 for Muharram and Thursday, November 06, 2014 for Guru Nanak Jayanti, hence volatility with sideways movement can’t be ruled out. FIIs were net buyers of Rs.1754.73 crores whereas DIIs were net sellers of Rs.276.49 crores in Indian Stock Market on Friday. Nifty would see strong support at 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 Desclosed Today: BANKINDIA, DABUR, TIDEWATER.
NSE Nifty: (8322) The support for the Nifty is at 8265-8200 and the resistance to the up move is at 8400-8500 levels.
NSE BankNifty: (17045) The support for the BankNifty is at 16930-16800-16740 and the resistance to the up move is at 17380-17500 levels.
BSE Sensex: (27865) 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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