Market Would Continue To See Positive Movement Until Nifty Holds 8480

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see further positive movement and traders should continue to hold long positions in Nifty and BankNifty. EquityPandit also predicted that BankNifty would outperform Nifty and exactly same happened. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Sensex closed just below EquityPandit’s predicted resistance levels of 27814. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Analysis would remain same. Market would continue to see positive rally until Nifty holds 8480 levels by closing. BankNifty would continue to outperform Nifty and Next target for BankNifty would be 18800-19000 levels.
FIIs were net buyers of Rs.212.92 crores whereas DIIs were net buyers of Rs.119.27 crores in cash market for last trading session. Nifty would see strong support at 8480-8415-8350-8312 whereas strong resistance would be seen at 8567-8580-8605-8630 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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NSE Nifty: (8521) The support for the Nifty is 8480-8415-8350-8312 and the resistance to the up move is at 8567-8580-8605-8630 levels.

NSE BankNifty: (18668) The support for BankNifty is at 18260-18160-18060-17990 and the resistance to the up move is at 18756-18888-19000 levels.

BSE Sensex: (27808) The support for the Sensex is at 27660-27568-27450-27300 and the resistance to the up move is at 27950-28018-28071-28218 levels.

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