Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that Nifty is in positive trend and trades should go long until Nifty holds 7800 levels and exactly same happened. Indian Stock Market moved sharply positive for the day. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7958 like a dot. Sensex also saw highs right at EquityPandit’s predicted resistance levels of 26180 like a dot. 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 negative on profit booking. Now Technically, Nifty and Bank Nifty are both in positive trend and traders should go long in Nifty or Bank Nifty at every dip in the market. Indian Stock Market would see some profit booking (negative movement) while opening, which would be an opportunity for traders to go long in the market. GST, if passed in Rajyasabha, then it would be a great push to Indian Stock Market and we would see a sharp breakout in the Market. Overall, market is positive and the trade is in long direction. Market is expected to see sharp positive movement until 8100-8200 for Nifty. FIIs were net sellers of Rs.519.25 crores whereas DIIs were net buyers of Rs.900.48 crores in last trading session. Nifty would see strong support at 7880-7850-7815-7800 whereas strong resistance would be seen at 7958-7980-8008-8055 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Click Here to Check the Trend Of Major Indices and Stocks
NSE Nifty: (7943) The support for the Nifty is 7880-7850-7815-7800 and the resistance to the up move is at 7958-7980-8008-8055 levels.
NSE BankNifty: (17371) The support for BankNifty is at 17195-17050-16960-16875 and the resistance to the up move is at 17480-17570-17652-17827 levels.
BSE Sensex: (26128) The support for the Sensex is at 26950-25890-25760-25695-25590 and the resistance to the up move is at 26180-26220-26340-26432 levels.
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