Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 25 points positive for Nifty. Equitypandit predicted that Nifty would now see a sharp movement and overall market is still in positive trend hence traders should trade long in this market and exactly same happened. Nifty moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 8700 and closed just below those levels like a dot. Sensex also saw highs right at EquityPandit’s predicted resistance levels of 28820 like a dot. Nifty, BankNifty and Sensex saw record highs today. Traders who followed EquityPandit’s suggestions 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 15-40 points for Nifty. Technically, Indian Stock Market is still in positive trend but looking too expensive. Traders should trade long until Nifty holds 8600 levels. Some profit booking can’t be ruled out anytime in a day or two. ITC would disclose its quarterly results today which would affect the Indian Stock Market direction. FIIs were net buyers of Rs.1275.59 crores whereas DIIs were net sellers of Rs.761.6 crores on Tuesday. Nifty would see strong support at 8600-8530-8500 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: INGVYSYABK, ITC, L&TFH, MCLEODRUSS, RAYMOND, TATAELXSI, TTKPRESTIG, ZEEL.
NSE Nifty: (8696) The support for the Nifty is at 8600-8530-8500 and the resistance to the up move is at 8765-8808-8820 levels.
NSE BankNifty: (19767) The support for the BankNifty is at 19600-19446-19280 and the resistance to the up move is at 19920-20000-20080 levels.
BSE Sensex: (28785) 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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