Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 25 points positive for Nifty. Equitypandit predicted that Indian Stock Market is still positive and traders should trade positive for the day and exactly same happened. Market moved sharply positive and traders who followed EquityPandit advice to go long might have earned huge profits for the day. Sensex also saw strong resistance at EquityPandit’s predicted resistance levels of 30000. BankNifty saw resistance at EquityPandit’s predicted resistance levels of 20000. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open positive with 15-40 points for Nifty. Technically, Analysis would remain same. Indian Stock Market is still in positive trend but looking too expensive. Traders should go with the flow and trade long until Nifty holds 8600 levels. Some profit booking can’t be ruled out anytime in a day or two. ECB decision on stimulus would direct the global market for the day. FIIs were net buyers of Rs.2065.49 crores whereas DIIs were net sellers of Rs.1350.02 crores on Wednesday. Nifty would see strong support at 8680-8600-8530 levels whereas strong resistance would be seen at 8765-8808-8820 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: BIOCON, CAIRN, DISHTV, TATAMETALI.
NSE Nifty: (8730) The support for the Nifty is at 8680-8600-8530 and the resistance to the up move is at 8765-8808-8820 levels.
NSE BankNifty: (19843) The support for the BankNifty is at 19700-19600-19446 and the resistance to the up move is at 20000-20080-20200 levels.
BSE Sensex: (28889) The support for the Sensex is at 28600-28480-28320 and the resistance to the up move is at 30000-30075-30200 levels.
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