Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that Nifty is still in negative region and would see further downfall and exactly same happened. Indian Stock Market remained rangebound with negative bias between EquityPandit’s predicted support and resistance levels. BankNifty saw highs right at EquityPandit’s predicted resistance levels of 18427 like a dot. Finally, Indian Stock Market closed negative with BankNifty in positive zone. Traders who followed EquityPandit’s advice might have earned huge profits for the day.
Today: Indian Stock Market to open 10-40 points negative. Today is F&O Expiry and hence huge volatility would be seen in the market. Technically, Nifty is still in negative region but BankNifty entered into positive zone today and hence now BankNifty would lead Nifty in days to come. Traders should go long in BankNifty next expiry future at this point of time. FIIs were net sellers of Rs.718.31 crores whereas DIIs were buyers of 912.46 crores in last trading session. Nifty would see strong support at 8185-8147-8100 whereas strong resistance would be seen at 8335-8385-8415 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 declared today: ATUL, EXIDEIND, HCC, IDFC, KARURVYSYA, LGBBROSLTD, MARICO, MOTILALOFS, OBEROIRLTY, POLARIS, SRTRANSFIN and WALCHANNAG.
NSE Nifty: (8240) The support for the Nifty is 8185-8147-8100 and the resistance to the up move is at 8335-8385-8415 levels.
NSE BankNifty: (18303) The support for BankNifty is at 18200-18093-18920 and the resistance to the up move is at 18427-18500-18670 levels.
BSE Sensex: (27226) The support for the Sensex is at 27091-26937-26776 and the resistance to the up move is at 27480-27570-27660 levels.
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