Market Next movement would depend on Brexit Poll Decision By Today Evening
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Market is still in positive zone but would consolidate in a rangebound region until Brexit event. EquityPandit also predicted that Important point to watch out for Nifty is 8240 levels which is an immediate resistance levels and exactly same happened. Market remained rangebound and saw highs right at EquityPandit’s predicted resistance levels of 8240 like a dot. Finally Market closed flat for the day right above EquityPandit’s predicted support levels of 8198.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. For today, Market would remain in limbo and would wait for the major decision. Now further movement would depend on Brexit polls result that would be disclosed today evening. Market would see gap positive or gap negative movement based on the polls results. If the country stays in European Union then we would see gap positive opening tomorrow and if it decides to exit European Union then a sharp downfall is confirmed. Traders should take any trade with proper hedging. Traders can also go for option strategy to earn good returns. FIIs were net sellers of Rs.41.10 crores whereas DIIs were net buyers of Rs.361.34 crores in cash market for last trading session. Nifty would see strong support at 8198-8165-8098-8000 whereas strong resistance would be seen at 8252-8272-8294-8332 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: (8204) The support for the Nifty is 8198-8165-8098-8000 and the resistance to the up move is at 8252-8272-8294-8332 levels.
NSE BankNifty: (17626) The support for BankNifty is at 17600-17470-17330 and the resistance to the up move is at 17830-18000-18052-18139 levels.
BSE Sensex: (26766) The support for the Sensex is at 26720-26620-26540-26300 and the resistance to the up move is at 26888-26940-27030-27195 levels.
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