Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive. Nifty saw strong short covering (positive movement) as predicted by EquityPandit. Nifty saw strong resistance right at EquityPandit’s predicted resistance levels of 8250. Traders who followed EquityPandit’s advice to go long might have earned huge profits for the day. Sensex also saw strong resistance right at EquityPandit’s predicted resistance levels of 27320 levels like a dot. BankNifty also closed right on EquityPandit’s predicted resistance levels of 18700 like a dot.Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open gap positive with 40-80 points for Nifty. Technically, now we can see some further positive movements in the market. Indian Stock Market has entered into positive zone yesterday and hence traders should trade long until Nifty holds 8150 levels. All eyes are now set on Infosys results that is going to be disclosed today and would decide the further market direction. FIIs were net sellers of of Rs.466.78 crores whereas DIIs were net buyers of Rs.288.88 crores on Thursday. Nifty would see strong support at 8150-8065-7960 levels whereas strong resistance would be seen at 8300-8400 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8235) The support for the Nifty is at 8150-8065-7960 and the resistance to the up move is at 8300-8320-8400 levels.
NSE BankNifty: (18701) The support for the BankNifty is at 18480-18300-18200 and the resistance to the up move is at 18880-19120-19200 levels.
BSE Sensex: (27275) The support for the Sensex is at 27100-26900 and the resistance to the up move is at 27500-27700 levels.
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