Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with just 3 points positive for Nifty. As EquityPandit predicted, Nifty saw a fresh breakout and traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Nifty closed just below EquityPandit’s predicted resistance levels of 8400 like a dot. BankNifty also saw resistance right near EquityPandit’s predicted resistance levels of 19080 and closed below those levels. BankNifty has seen fresh record highs on Friday. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open flat to negative. Technically, Indian Stock Market has seen a new breakout. Market would remain rangebound this week but overall, Indian Stock Market would see positive trend. Traders should trade long. All eyes are now set on Infosys results on Friday. FIIs were net buyers of of Rs.259.82 crores whereas DIIs were net sellers of Rs.69.78 crores on Friday. Nifty would see strong support at 8290-8250-8200 levels whereas strong resistance would be seen at 8430-8505-8550 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8395) The support for the Nifty is at 8290-8250-8200 and the resistance to the up move is at 8430-8505-8550 levels.
NSE BankNifty: (19058) The support for the BankNifty is at 19000-18920-18750 and the resistance to the up move is at 19120-19340-19500 levels.
BSE Sensex: (27888) The support for the Sensex is at 27740-27600-27520 and the resistance to the up move is at 28028-28130-28300 levels.
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