Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias and exactly same happened. EquityPandit suggested traders to trade long and those who followed EquityPandit’s advice to go long might have earned huge profits for the day. Nifty saw strong resistance right near EquityPandit’s predicted resistance levels of 8525 and closed just below those levels. Nifty and Sensex both saw lows just near EquityPandit’s predicted support levels. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open gap positive with 20-50 points for Nifty. Indian Stock Market is still in positive trend. Traders should trade long at every dip as overall market is positive. FIIs were net buyers of Rs.1099.93 crores whereas DIIs were net sellers of Rs.716.91 crores on Friday. Nifty would see strong support at 8500-8427-8380 levels whereas strong resistance would be seen at 8560-8630-8700 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: HINDUNILVR, HINDZINC, IBULHSGFIN, MINDTREE, TATASPONGE.
NSE Nifty: (8514) The support for the Nifty is at 8500-8427-8380 and the resistance to the up move is at 8560-8630-8700 levels.
NSE BankNifty: (19223) The support for the BankNifty is at 19075-18920-18750 and the resistance to the up move is at 19520-19740-19880 levels.
BSE Sensex: (28122) The support for the Sensex is at 28000-27920-27700 and the resistance to the up move is at 28400-28540-28820 levels.
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