Last Trading Session: Exactly as per EquityPandit’s predictions, Nifty opened gap positive for the day. Nifty, BankNifty and Sensex saw new record highs, exactly as per EquityPandit’s predictions. Metal sector lead the market on Monday, exactly as per EquityPandit’s predictions. Traders who followed EquityPandit’s advice to go long in Metal sector and Nifty might have earned huge profits for the day. Sensex also closed right below EquityPandit’s predicted resistance levels of 28500 like a dot. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open flat with positive bias. Analysis would remain same and Nifty expected to see new record highs and levels of 8550 can be seen in days to come. Traders can still continue to go long until Nifty holds 8490-8450 levels for Nifty. FIIs were net buyers of Rs.407.42 crores whereas DIIs were net sellers of Rs.162.78 crores in Indian Stock Market on Monday. Nifty would see strong support at 8490-8450-8400 levels whereas strong resistance would be seen at 8550-8617 levels. Traders can trade long until Nifty holds 8490-8450 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8530) The support for the Nifty is at 8490-8450-8400 and the resistance to the up move is at 8550-8617 levels.
NSE BankNifty: (18281) The support for the BankNifty is at 18120-18000-17920 and the resistance to the up move is at 18350-18520 levels.
BSE Sensex: (28500) The support for the Sensex is at 28380-28230-28120 and the resistance to the up move is at 28660-28720-29000 levels.
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