Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias for Nifty. EquityPandit predicted that market is in positive trend but would remain rangebound till December 31, 2014 and traders should trade long until Nifty holds 8150 levels and same happened. Nifty remained rangebound between EquityPandit’s predicted support levels of 8200 and 8285 levels. Nifty saw strong support at EquityPandit’s predicted support levels of 8200. Nifty moved sharply positive with BankNifty leading the market. BankNifty also saw strong support at EquityPandit’s predicted support levels of 18420 like a dot. Finally, Indian Stock Market closed flat with positive bias.
Today: Indian Stock Market to open flat. Technically, Analysis would still remain same. Indian Stock Market would consolidate in a rangebound region with positive bias, till December 31, 2014. Some downtrend can be seen today but 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.277.92 crores whereas DIIs were net buyers of Rs.160.87 crores Tuesday. 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: (8248) 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: (18648) 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: (27404) 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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