Last Trading Session: Indian Stock Market opened gap positive for the day. EquityPandit predicted that traders can go long if Nifty breaches spot levels of 8655 with strong stoploss of 8593 levels and trend exactly replicated EquityPandit’s predictions. Nifty breched EquityPandit’s levels and moved sharply positive. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8730 like a dot. Nifty saw strong support at EquityPandit’s predicted support levels of 8593 levels. Traders who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open flat. Now the positive trend is getting stronger. BankNifty has entered into positive trend. Now. Traders can go long at every dip until Nifty holds 8593 levels. Indian Banking Giant SBI Bank is going to disclose its quarterly results today, which would affect market direction today. FIIs were net sellers of Rs.406.28 crores whereas DIIs were net buyers of Rs.705.53 crores on Thursday. Nifty would see strong support at 8593-8500-8380 levels whereas strong resistance would be seen at 8750-8790-8830 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: ASHIANA, BEML, BGRENERGY, BOSCHLTD, BPCL, COX&KINGS, DEN, DISHMAN, EDUCOMP, EICHERMOT, ELDERHCL, ESSARSHPNG, FORTIS, GAMMONIND, GSPL, GVKPIL, HINDPETRO, IL&FSTRANS, IOC, IVRCLINFRA, KALINDEE, M&M, MAHABANK, MCX, MPHASIS, MRPL, NBCC, OFSS, PATELENG, PUNJLLOYD, RCOM, RECLTD, SAIL, SBIN, SREINFRA, SUZLON, UBL, UNITECH,
NSE Nifty: (8712) The support for the Nifty is at 8593-8500-8380 and the resistance to the up move is at 8750-8790-8830 levels.
NSE BankNifty: (19129) The support for BankNifty is at 18890-18740-18420 and the resistance to the up move is at 19280-19440-19800 levels.
BSE Sensex: (28805) The support for the Sensex is at 28640-28420-28040 and the resistance to the up move is at 28920-29170 levels.
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