Market to Consolidate Before Further Positive Movement.
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Market would open Positive and traders should book profits at higher levels and buy again at dips near EquityPandit’s predicted support levels and exactly same happened. Nifty saw strong resistance near EquityPandit’s predicted resistance level of 8294. BankNifty also saw highs right near EquityPandit’s predicted resistance levels of 18000 like a dot. Sensex also saw resistance near EquityPandit’s predicted resistance levels of 27120. Market fell down from day highs and saw lows right near EquityPandit’s predicted support levels of 8249 for Nifty. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat for the day.
Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Analysis would remain same. Some consolidation would be seen at these levels before further positive movement. Some correction can’t be ruled out but overall market would remain positive in short term. FIIs were net buyers of Rs.529.16 crores whereas DIIs were net sellers of Rs.257.76 crores in cash market for last trading session. Nifty would see strong support at 8249-8200-8165-8098 whereas strong resistance would be seen at 8294-8336-8385 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: (8273) The support for the Nifty is 8249-8200-8165-8098 and the resistance to the up move is at 8294-8336-8385-8448 levels.
NSE BankNifty: (17947) The support for BankNifty is at 17827-17760-17620-17470 and the resistance to the up move is at 18000-18029-18139-18313 levels.
BSE Sensex: (27021) The support for the Sensex is at 26950-26825-26720-26540 and the resistance to the up move is at 27082-27120-27200-27305 levels.
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