Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that both Nifty and Bank Nifty are in positive zone and traders should go long with strict stoploss of 16950 for BankNifty and exactly same happened. Indian Stock Market moved sharply positive as predicted by EquityPandit. Traders, who followed EquityPandit’s advice to go long might have earned whooping profits for the day. Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open gap positive. Technically, Nifty, Bank Nifty and Sensex has confirmed Inverse Head & Shoulder Pattern that is bullish in nature. Now next target for Nifty is 8207 and 8350. BankNifty can see levels of 17850 and 18220 levels in days to come. Market would now cover all the gaps that it has made in downtrend. Traders should undoubtedly continue with long positions for EquityPandit given targets. FIIs were net buyers of Rs.649.90 crores whereas DIIs were net buyers of Rs.365.77 crores in last trading session. Nifty would see strong support at 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: (8119) The support for the Nifty is 8050-8005-7980 and the resistance to the up move is at 8207-8230-8297-8350 levels.
NSE BankNifty: (17674) The support for BankNifty is at 17520-17365 and the resistance to the up move is at 17850-18120-18220 levels.
BSE Sensex: (26786) The support for the Sensex is at 26660-26580-26375 and the resistance to the up move is at 26983-27140-27445-27565 levels.
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