Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. Nifty remained rangebound exactly as per EquityPandit’s predictions. EquityPandit predicted that if Nifty doesn’t breaches 8400 levels then we can see a sharp downfall and same happened. BankNifty also saw lows right on EquityPandit’s predicted support levels of 18530. Finally, Indian Stock Market closed negative for the day.
Today: RBI Announces Rate Cut and hence Indian Stock Market to open gap positive with 100 points for Nifty. Now, we can see a sharp positive movement in the market and traders should go long in the market at this point of time due to big surprise. There is possibility that BankNifty may see lifetime highs in days to come. FIIs were net sellers of Rs.69.74 crores whereas DIIs were net sellers of Rs.223.98 crores on Wednesday. Nifty would see strong support at 8150-8110-8065 levels whereas strong resistance would be seen at 8360-8400-8430 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8278) The support for the Nifty is at 8150-8110-8065 and the resistance to the up move is at 8360-8400-8430 levels.
NSE BankNifty: (18604) The support for the BankNifty is at 18380-18200-18085 and the resistance to the up move is at 18760-18880-19120 levels.
BSE Sensex: (27347) The support for the Sensex is at 27100-26900-26770 and the resistance to the up move is at 27500-27640-27700 levels.
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