Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. Nifty moved positive and saw highs right at EquityPandit’s predicted resistance levels of 8780 and closed just below those levels. BankNifty also saw highs just near EquityPandit’s predicted resistance levels of 19270. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open gap positive. Now, Nifty and BankNifty would regain its positive momentum after Insurance Bill passed in Rajya Sabha. Traders should go long in Nifty and related stocks with strict stoploss of 8669 spot levels for Nifty. Indian Stock Market, if breached 8860 levels for Nifty and 19560 levels for BankNifty by closing, then we can see new record highs in upcoming days. FIIs were net buyers of Rs.733.09 crores whereas DIIs were net sellers of Rs.381.94 crores on Thursday. Nifty would see strong support at 8730-8669 levels whereas strong resistance would be seen at 8860-8940-9000 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8776) The support for the Nifty is 8730-8669 and the resistance to the up move is at 8860-8940-9000 levels.
NSE BankNifty: (19142) The support for BankNifty is at 19100-18875 and the resistance to the up move is at 19441-19780-20070 levels.
BSE Sensex: (28930) The support for the Sensex is at 28780-28580 and the resistance to the up move is at 29255-29410-29560 levels.
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