Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with just 5 points positive for Nifty. EquityPandit predicted that market would remain highly volatile in a rangebound region and profit booking can’t be ruled out at this point of time and exactly same happened. Indian Stock Market remained rangebound for the whole trading session and saw sharp profit booking (negative movement) by the end of the trading session. traders, who followed EquityPandit suggestions might have earned huge profits for the day. Nifty saw lows right near EquityPandit’s predicted support levels of 8160. Finally, Indian Stock Market closed gap negative for the day.
Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in positive zone but profit booking can’t be ruled out at this point of time and some sharp negative movement can be seen in days to come. Traders should trade short below 8150 levels for Nifty, whereas above 8200. Market would see sharp downfall, if closed below 8000 levels. FIIs were net sellers of of Rs.2808.27 crores whereas DIIs were net buyers of Rs.509.09 crores on Wednesday. Nifty would see strong support at 8150-8090-8050 levels whereas strong resistance would be seen at 8285-8365-8430 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8174) The support for the Nifty is at 8150-8090-8050 and the resistance to the up move is at 8285-8365-8430 levels.
NSE BankNifty: (18535) The support for the BankNifty is at 18420-18320-18100 and the resistance to the up move is at 18710-18880-19080 levels.
BSE Sensex: (27209) The support for the Sensex is at 27120-27000-26900 and the resistance to the up move is at 27350-27570-27780 levels.
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