Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 26 points positive for Nifty. EquityPandit predicted that Nifty and BankNifty has entered into positive trend so traders should go long at every dip in the market and exactly same happened. Indian Stock Market moved up sharply and closed right below EquityPandit’s predicted resistance levels of 8230 for Nifty. Equitypandit’s target of 8200 for Nifty achieved in last trading session. Traders who followed EquityPandit suggestion to go long might have earned huge profits for the day.
Today: Indian Stock Market to open 10-40 points positive. Technically, Nifty and BankNifty is in positive trend and traders should go long at every dip in the market. Some profit booking can be seen but it would be an opportunity for traders to go long in the market. BankNifty is more discounted as compared to Nifty and hence BankNifty would see bigger positive trend as compared to Nifty in days to come. BankNifty would be a main candidate to keep Nifty in positive territory. If BankNifty doesn’t support than Nifty would fall down sharply. Hence traders can go long in BankNifty for higher profits. FIIs were still net sellers of Rs.106.12 crores whereas DIIs were buyers of Rs.447.55 crores in last trading session. Nifty would see strong support at 8200-8165-8098 whereas strong resistance would be seen at 8272-8332-8385 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits. Click Here to Get Market Outlook for Nifty and all Major Indices this week.
NSE Nifty: (8225) The support for the Nifty is 8200-8165-8098 and the resistance to the up move is at 8272-8332-8385 levels.
NSE BankNifty: (17881) The support for BankNifty is at 17745-17620-17470 and the resistance to the up move is at 17980-18240 levels. Click Here to read EquityPandit’s Outlook for BankNifty and its main components for this week
BSE Sensex: (27316) The support for the Sensex is at 27240-27100-27010 and the resistance to the up move is at 27470-27540-27725 levels.
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