Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative. EquityPandit predicted that market is not sustaining higher levels and would fell down sharply. EquityPandit also predicted that Nifty would enter into negative zone today which would be followed by Bank Nifty and traders should go short below levels of 17690 for BankNifty and exactly same happened. Indian Stock Market fell down sharply exactly as per EquityPandit’s prediction. Finally, Market entered into negative zone. Traders, who followed EquityPandit’s advice to go short in Bank Nifty might have earned whooping profits for the day. Finally, Indian Stock Market closed gap negative for the day.
Today: Indian Stock Market would open negative. Today is F&O Expiry and huge volatility would be seen. Technically, Indian Stock Market including Nifty and Bank Nifty, has entered into negative zone. Market may see some short covering but traders should go short at every positive movement in the market. FIIs were net sellers of Rs.731.17 crores whereas DIIs were net buyers of Rs.160.17 crores in last trading session. Nifty would see strong support at 8130-8100-8085-8050 whereas strong resistance would be seen at 8210-8250-8297 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: Alstom T&D, BEL, Bharatforge, City Union Bank, Colgate Palmolive, Crompton Greaves, Dishman, Dr. Reddys, Emami, GICHSGFIN, Grasim, Gujarat Pipavav, HCC, IFCI, JM Financial, MRPL, MRF, Muthootfin, Nestle, Polaris, Praj Ind, SRTRANSFIN, SKF, Thomas Cook, Torrent Pharma and Yes Bank.
NSE Nifty: (8171) The support for the Nifty is 8130-8100-8085-8050 and the resistance to the up move is at 8210-8250-8297 levels.
NSE BankNifty: (17373) The support for BankNifty is at 17156-16953-16875-16780 and the resistance to the up move is at 17450-17570-17660 levels.
BSE Sensex: (27040) The support for the Sensex is at 26850-26660-26580 and the resistance to the up move is at 27165-27445-27565 levels.
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