Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 65 points positive for Nifty. Equitypandit predicted that Indian Stock Market would see new record highs so traders should go long in the market and exactly same happened. Indian Stock Market including Nifty, BankNifty and Sensex saw record highs. Nifty closed right below EquityPandit’s predicted resistance levels of 8840. Sensex also saw highs right near EquityPandit’s predicted resistance levels of 29400. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open positive with 10-35 points for Nifty. Technically, Doji pattern was seen in Nifty on Friday and hence some profit booking can’t be ruled out in the market. But overall market is still positive and traders should go long at every correction in the market. FIIs were net buyers of Rs.2019.98 crores whereas DIIs were net sellers of Rs.1299.96 crores on Friday. Nifty would see strong support at 8775-8750-8680 levels whereas strong resistance would be seen at 8865-8905-9000 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: AMARAJABAT, CHENNPETRO, GSFC, IDEA, KTKBANK, MARUTI, NUCLEUS, TITAN, UNIONBANK.
NSE Nifty: (8836) The support for the Nifty is at 8775-8750-8680 and the resistance to the up move is at 8865-8905-9000 levels.
NSE BankNifty: (20073) The support for the BankNifty is at 19920-19780-19600 and the resistance to the up move is at 20200-20500-20620 levels.
BSE Sensex: (29279) The support for the Sensex is at 29000-28890-28600 and the resistance to the up move is at 29410-29540-29660 levels.
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