Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that some profit booking might be seen at higher levels but traders should buy at every dip in the market and exactly same happened. Nifty fell down sharply to 8132 levels from day highs. Traders, who followed EquityPandit’s advice to buy at dips might have earned good profits for the day. BankNifty also saw strong support near EquityPandit’s predicted support levels of 17500. Finally, Indian Stock Market closed flat with positive bias.
Today: Indian Stock Market would open flat. Technically, Analysis would still remain same and the trade is to buy at dips or hold long positions as of now. Nifty, Bank Nifty and Sensex are in positive zone and traders should continue to hold long positions. Some profit booking may be seen at higher levels but traders should take it as an opportunity to buy on dips. Now next target for Nifty is 8207 and 8350. BankNifty can see levels of 17850 and 18220 levels in days to come. FIIs were net sellers of Rs.50.60 crores whereas DIIs were net sellers of Rs.218.75 crores in last trading session. Nifty would see strong support at 8125-8050-8005-7980 whereas strong resistance would be seen at 8207-8230-8297-8350 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: (8177) The support for the Nifty is 8125-8050-8005-7980 and the resistance to the up move is at 8207-8230-8297-8350 levels.
NSE BankNifty: (17617) The support for BankNifty is at 17520-17365-17200 and the resistance to the up move is at 17850-18120-18220 levels.
BSE Sensex: (27036) The support for the Sensex is at 26850-26660-26580-26375 and the resistance to the up move is at 27100-27140-27445-27565 levels.
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