Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that market would see sharp short covering rally and if BankNifty breaches levels of 18808, then we may see a trend reversal and traders should go long in BankNifty and exactly same happened. BankNifty breached levels of 18808 and sharp positive movement was seen after that. Traders, who followed EquityPandit’s advice to go long in BankNifty, might have earned good profits for the day. Indian Stock Market saw a sharp positive rally and Sensex saw highs right at EquityPandit’s predicted resistance levels of 28012. Nifty and BankNify both entered into positive territory and closed gap positive for the day.
Today: Indian Stock Market to open flat to positive. Technically, Nifty and BankNifty has entered into positive trend and traders can go long for now. Greece issue got resolved and now BankNifty needs to breach levels of 19000 on closing basis. Indian Stock Market is expected to see sharp sharp positive rally in days to come and the best trade is to go long in BankNifty at this point of time. If Government pushes some reforms in days to come then it would add fuel to the positive fire in the market. FIIs were net sellers of Rs.527.98 crores whereas DIIs were net buyers of Rs.171.55 crores in last trading session. Nifty would see strong support at 8415-8350-8312 whereas strong resistance would be seen at 8505-8567-8605 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Click Here to Read Nifty and Major Stocks Outlook for This Week
NSE Nifty: (8460) The support for the Nifty is 8415-8350-8312 and the resistance to the up move is at 8505-8567-8605 levels.
NSE BankNifty: (18894) The support for BankNifty is at 19820-18650-18540 and the resistance to the up move is at 19000-19051-19176 levels.
BSE Sensex: (27961) The support for the Sensex is at 27890-27635-27540 and the resistance to the up move is at 28012-28115-28340 levels.
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