Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 14 points positive for Nifty. EquityPandit predicted that overall Indian Stock Market is still in positive trend and traders should trade long until Nifty holds 8150 levels and same happened. Nifty moved sharply positive for the day. Traders, who followed EquityPandit suggestions to go long might have earned huge profits for the day. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8285. BankNifty also saw highs right at EquityPandit’s predicted resistance levels of 18710 like a dot. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open flat with positive bias. Technically, Analysis would remain same. Indian Stock Market is still bullish and government passing ordinance would boost market further. Land acquisition ordinance would boost Real Estate and Infrastructure companies. Since, global stock market would have holiday week, hence Indian Stock Market would consolidate in a rangebound region with positive bias, 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 sellers of of Rs.204.22 crores whereas DIIs were net buyers of Rs.360.38 crores on Monday. Nifty would see strong support at 8200-8150-8090 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: (8246) The support for the Nifty is at 8200-8150-8090 and the resistance to the up move is at 8285-8365-8430 levels.
NSE BankNifty: (18528) 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: (27396) The support for the Sensex is at 27200-27088-27000 and the resistance to the up move is at 27520-27600-27780 levels.
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