Last Trading Session: Exactly as per EquityPandit’s predictions, Nifty opened flat with just 7 points positive for Nifty. As EquityPandit predicted that If Nifty doesn’t breach 8350 levels, then it would resume its uptrend and new highs can be seen and exactly same happened. Nifty moved negative but was not able to breach EquityPandit’s predicted support levels and hence it moved sharply positive creating new record highs. Traders, who followed EquityPandit’s advice to go long until Nifty holds 8290 levels, might have earned huge profits for the day. Sensex also saw strong resistance right at EquityPandit’s predicted resistance levels of 28370 like a dot. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open gap positive with 30-60 points for Nifty. Nifty expected to see new record highs and levels of 8550 can be seen in days to come. Metal Sector and Oil & Gas sector would be leading the Indian Markets today. Traders can go long in Metal Sector to generate huge profits for the day. FIIs were net buyers of Rs.122.50 crores whereas DIIs were net buyers of Rs.137.51 crores in Indian Stock Market on Friday. Nifty would see strong support at 8450-8400 levels whereas strong resistance would be seen at 8500-8550-8617 levels. Traders can trade long until Nifty holds 8400 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8477) The support for the Nifty is at 8450-8400 and the resistance to the up move is at 8500-8550-8617 levels.
NSE BankNifty: (18056) The support for the BankNifty is at 18000-17920-17720 and the resistance to the up move is at 18350-18500 levels.
BSE Sensex: (28335) The support for the Sensex is at 28230-28120-28000 and the resistance to the up move is at 28500-28660-28720 levels.
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