Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive. EquityPandit predicted that market would see sharp positive movement and exactly same happened. Nifty moved sharply positive but remained rangebound between EquityPandit’s predicted support and resistance levels of 8730 and 8860 levels for Nifty. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat for the day.
Today: Indian Stock Market would open flat. Today is the Rail Budget day and hence it would affect Indian Stock Market direction. Traders can go long until Nifty holds 8730 levels on closing basis. Power companies operating in Delhi would see some pressure due to 50% subsidy on power prices in Delhi given yesterday by Arvind Kejriwal. Market would open on Budget session on saturday as requested by Market participant to SEBI. FIIs were net buyers of Rs.516.06 crores whereas DIIs were net buyers of Rs.19.70 crores on Tuesday. Nifty would see strong support at 8730-8650-8600 levels whereas strong resistance would be seen at 8860-8900-8920 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8767) The support for the Nifty is at 8730-8650-8600 and the resistance to the up move is at 8860-8900-8920 levels.
NSE BankNifty: (18733) The support for BankNifty is at 18660-18340 and the resistance to the up move is at 19075-19240-19380 levels.
BSE Sensex: (29008) The support for the Sensex is at 28930-28830-28645 and the resistance to the up move is at 29380-29480-29620 levels.
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