Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 35 points positive for Nifty. Equitypandit predicted that Indian Stock Market may see some profit booking but overall market is positive and traders should go long at every correction in the market. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Nifty saw strong resistance at Equitypandit’s predicted resistance levels of 9000 levels. Sensex also saw strong resistance at EquityPandit’s predicted resistance levels of 29780. Finally, Indian Stock Market closed flat for the day.
Today: Indian Stock Market to open negative with 15-40 points for Nifty. Technically, Nifty has seen Doji Pattern and hence some profit booking can’t be rule out and we can see some correction in the market. Traders can trade short until Nifty breaches levels of 9000 on the positive side. FIIs were net buyers of Rs.592.79 crores whereas DIIs were net sellers of Rs.578.53 crores on Wednesday. Nifty would see strong support at 8865-8825-8775 levels whereas strong resistance would be seen at 8935-9000-9038 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: ASHOKLEY, ASIANPAINT, DRREDDY, HCC, HDFC, ICRA, IDFC, IIFL, KARURVYSYA, ORIENTBANK, SKSMICRO, SSLT, TAJGVK, VIPIND.
NSE Nifty: (8914) The support for the Nifty is at 8865-8825-8775 and the resistance to the up move is at 8935-9000-9038 levels.
NSE BankNifty: (20492) 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: (29559) 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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