Last Trading Session: Indian Stock Market opened flat and moved sharply negative as predicted by EquityPandit. EquityPandit predicted that Market is still in positive trend and traders should trade positive until Nifty holds levels of 8150 and exactly same happened. Market fell down while opening but recovered sharply and saw highs right at EquityPandit’s predicted resistance levels of 8335 levels for Nifty. 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 27640. Finally, Indian Stock Market opened positive for the day.
Today: Indian Stock Market to open flat with positive bias. Technically, Indian Stock Market is still in positive zone and hence traders should trade long until Nifty holds 8150 levels. Oil prices is still a concern for global market and hence some profit booking can’t be ruled out at this point of time. FIIs were net buyers of Rs.244.95 crores whereas DIIs were net sellers of Rs.331.18 crores on Monday. Nifty would see strong support at 8248-8197-8150 levels whereas strong resistance would be seen at 8335-8400-8430 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8323) The support for the Nifty is at 8248-8197-8150 and the resistance to the up move is at 8335-8400-8430 levels.
NSE BankNifty: (18796) The support for the BankNifty is at 18530-18480-18300 and the resistance to the up move is at 18880-19120-19200 levels.
BSE Sensex: (27585) The support for the Sensex is at 27100-26900 and the resistance to the up move is at 27640-27700-27920 levels.
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