Exit Polls Predicts Clear Victory Of BJP, Go Long Until Nifty Holds 10140
Last Trading Session: Indian Stock Market opened gap positive for the day as predicted by EquityPandit. EquityPandit predicted that market would remain volatile on FED and Gujarat Exit Polls outcome. EquityPandit also predicted that Indian Stock Market would see some sharp short covering rally and exactly same happened. Market was highly volatile as predicted by EquityPandit. Nifty opened positive and fell down sharply to EquityPandit’s predicted support levles of 10143 like a dot. Finally, Indian Stock Market recovered sharply from day lows and closed gap positive for the day. Market saw highs right at EquityPandit’s predicted resistance levels of 10283 for Nifty and 25200 for BankNifty like a dot. Finally, Nifty closed right at EquityPandit’s predicted resistance levels of 10252 like a dot.
Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in negative zone but would see sharp positive rally backed by BJP’s clear victory predicted by Exit Polls in Himachal Pradesh and Gujarat. Traders can go long as of now. Market would continue to see huge volatility until the Poll results scheduled on December 18, 2017. Indian Stock Market would enter into positive zone once it closes above 10310 for Nifty and 25331 for BankNifty spot levels. Overall, Exit Polls outcome for clear win by BJP would induce further buying in the market and traders can go long at dips in the market until Nifty holds 10140 levels.
FIIs were net buyers of Rs.232.17 crores whereas DIIs were net sellers of Rs.374.21 crores in cash market for last trading session. Nifty would see strong support at 10232-10200-10175-10143 whereas strong resistance would be seen at 10300-10330-10352-10386 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
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Stocks In F&O Ban Period: FORTIS, HDIL, JISLJALEQS, JPASSOCIAT, JSWENERGY and TV18BRDCST.
NSE Nifty: (10252) The support for the Nifty is 10232-10200-10175-10143 and the resistance to the up move is at 10300-10330-10352-10386 levels.
NSE BankNifty: (25168) The support for BankNifty is at 25057-24960-24890-24800 and the resistance to the up move is at 25213-25280-25380-25450 levels.
BSE Sensex: (33247) The support for the Sensex is at 33155-33108-33012-32940 and the resistance to the up move is at 33320-33400-33451-33500 levels.
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