Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 25 points for Nifty. Nifty, Sensex and BankNifty made record highs exactly as per EquityPandit’s predictions. BankNifty saw day lows right on EquityPandit’s predicted support levels of 16930 like a dot and then moved positive. Traders, who followed EquityPandit’s predictions to go long might have earned whooping profits in last trading session. FinallyIndian Stock Market closed flat for the day.
Today: Indian Stock Market to open flat. Traders should trade long. Since we have a truncated week with market holiday on Thursday, November 06, 2014 for Guru Nanak Jayanti, hence volatility with sideways movement can’t be ruled out. Indian Stock Market would continue to move higher. Some temporary profit booking can’t be ruled out at this point of time but overall market direction would remain positive. FIIs were net buyers of Rs.1413.34 crores whereas DIIs were net sellers of Rs.1183.08 crores in Indian Stock Market on Monday. Nifty would see strong support at 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 Desclosed Today: ABAN, BERGEPAINT, CHENNPETRO, JINDALSTEEL, PIDILITIND, THERMAX, TORNTPOWER.
NSE Nifty: (8324) The support for the Nifty is at 8265-8200 and the resistance to the up move is at 8400-8500 levels.
NSE BankNifty: (17134) The support for the BankNifty is at 16930-16800-16740 and the resistance to the up move is at 17380-17500 levels.
BSE Sensex: (27860) The support for the Sensex is at 27600-27500 and the resistance to the up move is at 28000-28240 levels.
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