Last Trading Session: Exactly, as predicted by EquityPandit, Indian Stock Market opened 5 points positive for Nifty. Nifty moved higher, exactly as per EquityPandit’s predictions. Nifty, BankNifty and Sensex remained rangebound with positive bias between EquityPandit’s predicted support and resistance levels. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Nifty , BankNifty and Sensex closed positive for the day.
Today: Indian Stock Market to open flat. 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.645.90 crores whereas DIIs were net sellers of Rs.517.51 crores in Indian Stock Market on Friday. 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.
NSE Nifty: (8390) The support for the Nifty is at 8320-8290-8265 and the resistance to the up move is at 8420-8500 levels.
NSE BankNifty: (17577) The support for the BankNifty is at 17380-17200-17091 and the resistance to the up move is at 17660-17840 levels.
BSE Sensex: (28047) The support for the Sensex is at 27920-27800-27720 and the resistance to the up move is at 28130-28240-28370 levels.
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