Last Trading Session: Exactly, as predicted by EquityPandit, Indian Stock Market opened 10 points positive for Nifty. Nifty consolidated in a rangebound region between EquityPandit’s predicted support and resistance levels. EquityPandit told that Nifty would move higher in a cyclic fashion and we saw record closing highs for Nifty. BankNifty also saw intraday lows and highs right on EquityPandit’s predicted support of 17200 and resistance of 17425 respectively. finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open flat with 5-20 points positive for Nifty. Market has been consolidated for long and now some big movements on either side can be seen in days to come. Currently, Indian Stock Market is in positive trend but if closed below 7290 levels for Nifty and 17090 levels for Sensex, then we could enter into negative trend and shorts can be initiated by traders in that case. For Now, Traders should go long with stoploss below EquityPandit’s predicted support levels. FIIs were net buyers of Rs.458.04 crores whereas DIIs were net sellers of Rs.516.98 crores in Indian Stock Market on Monday. Nifty would see strong support at 8290-8265-8200 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 Disclosed Today: ABIRLANUVO, ADANIENT, BGRENERGY, BPCL, DISHMAN, EICHERMOT, FINANTECH, ICRA, IGL, INDIACEM, J&KBANK, JPASSOCIAT, MAX, NATIONALUM, OFSS, OILINDIA, RELINFRA, RENUKA, ROLTA, RPOWER, SHREERAM, STCINDIA, SUNDRMBRAK, TATASTEEL, UBL, UNITECH.
NSE Nifty: (8363) The support for the Nifty is at 8290-8265-8200 and the resistance to the up move is at 8400-8500 levels.
NSE BankNifty: (17390) The support for the BankNifty is at 17200-17000 and the resistance to the up move is at 17425-17500-17660 levels.
BSE Sensex: (27910) The support for the Sensex is at 27720-27600-27500 and the resistance to the up move is at 28025-28240 levels.
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