Market To See Lifetime Highs Today, BankNifty Headed Towards 21500-22000

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that last trading session would be the last day of consolidation and would see breakout from the range on Tuesday and exactly same happened. Indian Stock Market consolidated for the whole day between Equitypandit’s predicted resistance and support levels. Indian Stock Market moved sharply higher but saw highs right near EquityPandit’s predicted resistance levels of 8969 for Nifty and 29080 for Sensex like a dot. Nifty saw profit booking from there and saw lows right near EquityPandit’s predicted support levels of 8897 for Nifty. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open gap positive with 150+ points for Nifty and 300+ points for Sensex. BJP’s clear sweep in UP was a big positive surprise for the market. Market would see lifetime highs today. Some profit booking can be seen from higher levels but overall market is positive for now and BankNifty is headed towards 21500-22000 in upcoming days. Global Market would wait for US FED Interest rate hike. Overall, market is positive and traders should go long at every dip in the market. Investors can look into ICICI Bank and SBI for investments as these stocks are undervalued and would move up sharply in days to come.

FIIs were net buyers of Rs.412.14 crores whereas DIIs were net sellers of Rs.13.91 crores in cash market for last trading session. Nifty would see strong support at 8897-8850-8815 whereas strong resistance would be seen at 8969-8982-9005-9120 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: (8935) The support for the Nifty is 9080-9020-9000-8960 and the resistance to the up move is at 9120-9180-9200-9218 levels.

NSE BankNifty: (20728) The support for BankNifty is at 21120-21000-20950-20850 and the resistance to the up move is at 21200-21380-21500-21720 levels.

BSE Sensex: (28946) The support for the Sensex is at 29240-29154-29060-29000 and the resistance to the up move is at 29325-29500-29700 levels.

Note: If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

Premium Subscription Pricing details can be seen at Stock Market Premium Services