Last Trading Session: Indian Stock Market opened positive. Market saw further positive movements and saw highs right near EquityPandit’s predicted resistance levels of 8617. Indian Stock Market saw record highs as predicted by EquityPandit. As EquityPandit predicted that profit booking can’t be ruled out at this point of time and exactly same happened. Market fell down sharply as expcted. Sensex saw highs and lows right near EquityPandit’s predicted resistance and support levels of 28840 and 28500 levels respectively. Finally Nifty closed negative for the day.
Today: Indian Stock Market to open flat to negative. Market may see some more profit booking. Now, all eyes are on RBI Policy, which is going to be disclosed Today at 11 AM. Any rate cut if seen, then Indian Stock Market would continue to make new record highs in days to come else market would fell down sharply. FIIs were net sellers of Rs.12.36 crores whereas DIIs were net sellers of Rs.555.17 crores on Monday. Nifty would see strong support at 8500-8430-8400 levels whereas strong resistance would be seen at 8620-8665-8750 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 8500-8430-8400 and the resistance to the up move is at 8620-8665-8750 levels.
NSE BankNifty: (18525) The support for the BankNifty is at 18200-18120-18000 and the resistance to the up move is at 18680-18740-18880 levels.
BSE Sensex: (28560) 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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