Last Trading Session: Indian Stock Market opened flat in last trading session. As EquityPandit predicted that market would consolidate at this point of time and some temporary profit booking can’t be ruled out and exactly same happened. Nifty saw lows right on EquityPandit’s predicted support levels of 8290 like a dot. Finally, Indian Stock Market closed flat with negative bias.
Today: Indian Stock Market to open flat. Analysis would still remain same. 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 . FIIs were net buyers of Rs.192.56 crores whereas DIIs were net sellers of Rs.192.2 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: ADANIPORTS, ADANIPOWER, APOLLOTYRE, BHARATFORG, DENABANK, GABRIEL, GODREJIND, JISLJALEQS, MOTHERSUMI, PAGEIND, RECLTD, SREINFRA, TATACHEM, TIMKEN, VOLTAMP.
NSE Nifty: (8337) The support for the Nifty is at 8290-8265-8200 and the resistance to the up move is at 8400-8500 levels.
NSE BankNifty: (17347) The support for the BankNifty is at 17200-17000-16930 and the resistance to the up move is at 17425-17500-17600 levels.
BSE Sensex: (27869) The support for the Sensex is at 27720-27600-27500 and the resistance to the up move is at 28000-28240 levels.
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