Last Trading Session: Exactly as per EquityPandit’s predictions, Nifty opened gap positive with 22 points positive for Nifty. Exactly as predicted by EquityPandit that Market would see record highs on Friday and same happened. Nifty, BankNifty and Sensex saw record highs on Friday. Nifty saw highs right on EquityPandit’s predicted resistance levels of 8617 like a dot. HPCL, BPCL saw upper circuit for the day exactly as per EquityPandit’s predictions. Traders who followed EquityPandit’s advice to go long in Nifty and stocks like HPCL, BPCL might have earned whooping profits for the day. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open flat. Market expected to see further positive movements in days to come but some correction can’t be ruled out at this point of time. Now, all eyes are on RBI Policy, which is going to be disclosed on Tuesday. Any rate cut if see, then Indian Stock Market would continue to make new record highs in days to come. FIIs were net buyers of Rs.935.86 crores whereas DIIs were net sellers of Rs.431.31 crores on Friday. Nifty would see strong support at 8500-8450-8400 levels whereas strong resistance would be seen at 8617-8665-8750 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8588) The support for the Nifty is at 8500-8450-8400 and the resistance to the up move is at 8617-8665-8750 levels.
NSE BankNifty: (18513) The support for the BankNifty is at 18200-18120-18000 and the resistance to the up move is at 18660-18740-18880 levels.
BSE Sensex: (28694) The support for the Sensex is at 28500-28300-28230 and the resistance to the up move is at 28720-28840-28920 levels.
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