Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 15 points positive for Nifty. Equitypandit predicted that Indian Stock Market is still in positive trend and traders should go long until Nifty holds 8600 levels. Traders sho followed EquityPandit’s advice to go long might have earned huge profits for the day. Nifty closed right below EquityPandit’s predicted resistance levels of 8765.Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open gap positive with 50-90 points for Nifty. ECB stimulus package would ignite Indian Stock Market for further positive movements. Indian Stock Market would see new record highs today. Traders should go long in the market specially BankNifty as BankNifty would be biggest gainer of the day. FIIs were net buyers of Rs.592.79 crores whereas DIIs were net sellers of Rs.578.53 crores on Thursday. Nifty would see strong support at 8750-8680-8600 levels whereas strong resistance would be seen at 8820-8840-8905 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Results to be Disclosed today: ATUL, BEL, COLPAL, COROMANDEL, EDELWEISS, ULTRACEMCO.
NSE Nifty: (8761) The support for the Nifty is at 8750-8680-8600 and the resistance to the up move is at 8820-8840-8905 levels.
NSE BankNifty: (19918) The support for the BankNifty is at 19900-19780-19600 and the resistance to the up move is at 20200-20500-20620 levels.
BSE Sensex: (29006) The support for the Sensex is at 29000-28890-28600 and the resistance to the up move is at 29400-29540-29660 levels.
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