Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with around 58 points for Nifty and 180 points for Sensex. EquityPandit predicted that market is currently in positive trend and the trade is to go long with strict stoploss of 8180 for Nifty and 17665 levels for Bank Nifty and exactly same happened. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 18000 for Bank Nifty. Nifty also closed right at EquityPandit’s predicted resistance levels of 8297 like a dot. Sensex also saw strong resistance right at EquityPandit’s predicted resistance levels of 27565. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone and traders should continue to hold long positions for now. Indian Stock Market is about to fill up the complete gap that was left in last downfall. Bank Nifty is facing strong resistance at EquityPandit’s predicted resistance levels of 18000. Today, it looks that it may breach those levels and see a sharp breakout from these levels. The trade is only to go long in the market. FIIs were net buyers of Rs.229.18 crores whereas DIIs were net sellers of Rs.155.89 crores in last trading session. Nifty would see strong support at 8280-8200-8180-8150 whereas strong resistance would be seen at 8297-8347-8372-8400 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
Important Results to be disclosed today: Bharti Airtel, HDFC, Inox Wind and UPL.
NSE Nifty: (8295) The support for the Nifty is 8280-8200-8180-8150 and the resistance to the up move is at 8297-8347-8372-8400 levels.
NSE BankNifty: (17934) The support for BankNifty is at 17770-17665-17660-17500 and the resistance to the up move is at 18000-18120-18220-18380 levels.
BSE Sensex: (27471) The support for the Sensex is at 27380-27200-27000-26850 and the resistance to the up move is at 27565-27607-27700 levels.
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