Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias for Nifty. Nifty saw positive movements during opening but saw a strong profit booking exactly as predicted by EquityPandit. Nifty saw strong support at EquityPandit’s predicted support levels of 8150 like a dot. BankNifty also saw support near EquityPandit’s predicted support levels of 18420 levels. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open 10-30 points positive for Nifty. Since, global stock market would have holiday week, hence Indian Stock Market would consolidate in a rangebound region till December 31, 2014. Traders should trade long until Nifty holds 8150-8090 levels for Nifty by closing. Overall, Indian Stock Market is still in positive trend. FIIs were net buyers of of Rs.39.97 crores whereas DIIs were net buyers of Rs.417.29 crores on Friday. 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: (8201) 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: (18557) 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: (27242) The support for the Sensex is at 27088-27000-26900 and the resistance to the up move is at 27370-27550-27780 levels.
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