Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 37 points positive for Nifty. EquityPandit predicted that Indian Stock Market is still in positive trend and traders should trade long at every dip and exactly same happened. Nifty moved sharply positive and saw highs exactly near EquityPandit’s predicted resistnace levels of 8560 levels and closed just below those levels. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open positive with 10-30 points for Nifty. Technically, Indian Stock Market is still in positive trend. Traders should trade long at every dip. Market is consolidating in a rangebound region but now we would see a sharp movement in either direction in a day or two. FIIs were net buyers of Rs.433.72 crores whereas DIIs were net sellers of Rs.237.71 crores on Monday. Nifty would see strong support at 8500-8427-8380 levels whereas strong resistance would be seen at 8600-8630-8700 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: JINDALSAW, KOTAKBANK, RALLIS, SOUTHBANK.
NSE Nifty: (8551) The support for the Nifty is at 8500-8427-8380 and the resistance to the up move is at 8600-8630-8700 levels.
NSE BankNifty: (19406) The support for the BankNifty is at 19280-19075-18920 and the resistance to the up move is at 19520-19740-19880 levels.
BSE Sensex: (28262) The support for the Sensex is at 28190-28000-27920 and the resistance to the up move is at 28400-28540-28820 levels.
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