Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. Nifty, Senesex and BankNifty moved positive but remained rangebound between EquityPandit’s predicted support and resistance levels. BJP government failed to get majority and hence Indian Stock Market fell down as predicted by EquityPandit. Finally Indian Stock Market closed negative for the day.
Today: Indian Stock Market to open flat. Today, we have F&O Expiry due to holiday on December 25 on Chirstmas. Market would remain highly volatile in rangebound region. Technically, Market is still in positive zone but some profit booking can’t be ruled out at this point of time. FIIs were net sellers of of Rs.444.93 crores whereas DIIs were net buyers of Rs.516.34 crores on Tuesday. Nifty would see strong support at 8200-8160-8090 levels whereas strong resistance would be seen at 8365-8430-8490 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8267) The support for the Nifty is at 8200-8160-8090 and the resistance to the up move is at 8365-8430-8490 levels.
NSE BankNifty: (18604) 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: (27506) 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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