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.
Today: Indian Stock Market to open flat with 10-30 points positive for Nifty on easing CPI Inflation Numbers and higher IIP numbers. 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. Indian Stock Market would continue to make new record highs in cyclic fashion. FIIs were net buyers of Rs.459.47 crores whereas DIIs were net sellers of Rs.559.44 crores in Indian Stock Market on Wednesday. Nifty would see strong support at 8330-8290-8265 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: BALKRISIND, BBTC, BOMDYEING, CIPLA, DLF, ESSARSHPNG, FORTIS, GICHSGFIN, GMDCLTD, GUJRATGAS, HINDALCO, HINDCOPPER, HINDPETRO, IOC, IVRCLINFRA, MERCK, MOSERBAER, MRPL, MTNL, MUKTAARTS, NCC, NBCC, SAIL, SCI, SUNPHARMA, TATAPOWER, VOLTAS, ZICOM.
NSE Nifty: (8383) The support for the Nifty is at 8330-8290-8265 and the resistance to the up move is at 8420-8500 levels.
NSE BankNifty: (17587) The support for the BankNifty is at 17440-17200-17091 and the resistance to the up move is at 17660-17840 levels.
BSE Sensex: (28009) The support for the Sensex is at 27900-27720-27600 and the resistance to the up move is at 28130-28240-28370 levels.
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