Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with 2 points positive for Nifty. Nifty and BankNifty moved positive as predicted by EquityPandit. Traders, who followed EquityPandit’s advice to go long until Nifty breaches 8790 levels for Nifty might have earned huge profits for the day. Sensex also saw highs right at EquityPandit’s predicted resistance levels of 29410 like a dot. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open positive. Analysis would still remain same. Market may see some small profit booking but overall market is still positive. Indian Stock Market can see new record highs in next few days. Positional traders should go long at every dip. FIIs were net buyers of Rs.2187.96 crores due to Heromotocorp share sale in open market by controlling stakeholders whereas DIIs were net buyers of Rs.327.87 crores on Wednesday. Nifty would see strong support at 8730-8650-8593 levels whereas strong resistance would be seen at 8860-8920-9000 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8869) The support for the Nifty is at 8790-8730-8650 and the resistance to the up move is at 8920-9000 levels.
NSE BankNifty: (19296) The support for BankNifty is at 19120-19000-18890 and the resistance to the up move is at 19400-19540-19800 levels.
BSE Sensex: (29320) The support for the Sensex is at 29120-28930-28830 and the resistance to the up move is at 29410-29620-29780 levels.
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