Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 14 points negative for Nifty. Equitypandit predicted that Indian Stock Market may see some sharp profit booking but overall market is still positive and exactly same happened. Market saw sharp correction and saw lows right at EquityPandit’s predicted support levels of 8865 like a dot. Market moved sharply positive from there and saw new closing highs for January future expiry. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open 20-50 points positive for Nifty. Technically, market is still positive but is seen overstretched and hence we can see some correction. Traders shold go long until Nifty holds 8865 levels by closing. Some big quarterly results would be declared today that would affect Indian Stock Market direction. Nifty is near EquityPandit’s target of 9000 and looks like it would see the levels in a day or two. FIIs were net buyers of Rs.1723.77 crores whereas DIIs were net sellers of Rs.1680.09 crores on Thursday. Nifty would see strong support at 8865-8825-8775 levels whereas strong resistance would be seen at 9000-9040 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: ADANIENT, ANDHRABANK, BANKBARODA, BERGEPAINT, DABUR, HCLTECH, ICICIBANK, IFCI, JSWSTEEL, LGBBROSLTD, MONSANTO, MOTILALOFS, MUTHTFN, NTPC, PVR, SIEMENS, SPARC, SUNDARMFIN, TATAGLOBAL, TECHM, VIJAYABANK,
NSE Nifty: (8952) The support for the Nifty is at 8865-8825-8775 and the resistance to the up move is at 9000-9040 levels.
NSE BankNifty: (20529) The support for the BankNifty is at 20250-20100-19920 and the resistance to the up move is at 20620-20780-21000 levels.
BSE Sensex: (29682) The support for the Sensex is at 29300-29000-28890 and the resistance to the up move is at 29780-29880-30000 levels.
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