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 while opening but traders should trade long at every dip as overall market is positive and exactly same happened. Traders who followed EquityPandit’s advice to go long might have earned whooping profits for the day. Nifty closed near EquityPandit’s predicted resistance levels of 8905. BankNifty also saw strong resistance right at EquityPandit’s predicted resistance levels of 20620. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open flat. Technically, now some correction cannot be ruled out but our next target for Nifty is 9000 levels. Overall market is still positive and traders should go long at every correction in the market. 9000 levels are pretty possible till F&O Expiry. FIIs were net buyers of Rs.953.51 crores whereas DIIs were net sellers of Rs.783.34 crores on Tuesday. Nifty would see strong support at 8825-8775-8750 levels whereas strong resistance would be seen at 8925-9000-9038 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: ABAN, ADANIPORTS, ADANIPOWER, EMAMILTD, GRANULES, HAVELLS, JUSTDIAL, PIDILITIND, RANBAXY, SINTEX, TORNTPHARM.
NSE Nifty: (8911) The support for the Nifty is at 8825-8775-8750 and the resistance to the up move is at 8925-9000-9038 levels.
NSE BankNifty: (20555) 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: (29571) The support for the Sensex is at 29300-29000-28890 and the resistance to the up move is at 29640-29880-30000 levels.
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