Last Trading Session: Indian Stock Market opened positive. EquityPandit already predicted that market is in positive zone and traders should go long at every dip in the market and exactly same happened. Indian stock Market moved sharply positive. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 8297 levels and closed just below those levels. Bank Nifty already achieved EquityPandit’s first target of 17850 levels. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open flat. Technically, Market is still in positive zone and is confirming the strength. The trade is only to buy at dips. Some profit booking can be seen in the market but it would be an opportunity for traders to go long in the market. Bank Nifty would now see major resistance at 18000, breaching which, it would achieve EquityPandit’s Second target of 18220. FIIs were net buyers of Rs.898.23 crores whereas DIIs were net sellers of Rs.246.26 crores in last trading session. Nifty would see strong support at 8230-8180-8150-8100 whereas strong resistance would be seen at 8297-8347-8372 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: ACC,BAJFINANCE, BASF, BIOCON, CONTAINERCORP, DHFL, FEDERAL BANK, HEROMOTOCO, MPHASIS and WELSPUNIND.
NSE Nifty: (8275) The support for the Nifty is 8230-8180-8150-8100 and the resistance to the up move is at 8297-8347-8372 levels.
NSE BankNifty: (17855) The support for BankNifty is at 17800-17660-17500 and the resistance to the up move is at 18000-18120-18220 levels.
BSE Sensex: (27365) The support for the Sensex is at 27200-27000-26850 and the resistance to the up move is at 27445-27565-27607 levels.
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