Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that some profit booking can be seen as market is heading towards F&O Expiry but it would be an opportunity for traders to go long in the market. EquityPandit also predicted that overall, market is in positive momentum and exactly same happened. Traders, who followed EquityPandit to go long during any dip in the market, might have earned huge profits for the day. Nifty saw sharp profit booking after opening but recovered sharply and closed just below EquityPandit’s predicted resistance levels of 8385. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market to open flat with positive bias. Technically, analysis would still remain same. Nifty and BankNifty are still in positive trend. Some profit booking can be seen as market is heading towards F&O Expiry but it would be an opportunity for traders to go long in the market. Overall, market is in positive momentum and now the major resistance would be 8500 levels, which if breached, Nifty may head towards new highs else again it would consolidate in the range. FIIs were again net sellers of Rs.374.97 crores whereas DIIs were net buyers of Rs.404.2 crores in last trading session. Nifty would see strong support at 8332-8260-8200 whereas strong resistance would be seen at 8446-8490 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: (8382) The support for the Nifty is 8332-8260-8200 and the resistance to the up move is at 8446-8490 levels.
NSE BankNifty: (18391) The support for BankNifty is at 18260-18160-18060 and the resistance to the up move is at 18560-18640-18756 levels.
BSE Sensex: (27804) The support for the Sensex is at 27660-27568-27450 and the resistance to the up move is at 27910-28071 levels.
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