Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 30 points for Nifty. EquityPandit predicted that Indian Stock Market is still in positive trend and traders should go long at this point of time and exactly same happened. Nifty moved sharply positive and closed right near EquityPandit’s predicted resistance levels of 8320. Traders, who followed EquityPandit suggestions to go long might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open positive. Today, Election results for Jharkhand and Jammu & Kashmir are going to be disclosed. All eyes are set on these results. Today’s movement of Indian Stock Market would be dependent on the election results. If BJP government is formed in both the states then sharp positive movements would be seen in the market. Indian Stock Market is still in positive trend. Traders can trade long until Nifty holds levels of 8090 levels by closing. FIIs were net sellers of of Rs.335.24 crores whereas DIIs were net buyers of Rs.389.12 crores on Monday. Nifty would see strong support at 8200-8160-8090 levels whereas strong resistance would be seen at 8430-8490-8550 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8324) The support for the Nifty is at 8200-8160-8090 and the resistance to the up move is at 8430-8490-8550 levels.
NSE BankNifty: (18479) The support for the BankNifty is at 18420-18320-18100 and the resistance to the up move is at 18880-19080-19240 levels.
BSE Sensex: (27702) The support for the Sensex is at 27380-27120-27000 and the resistance to the up move is at 27780-28095-28220 levels.
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