EquityPandit Team Wishes You A Very Happy New Year

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with just 4 points negative for Nifty. As EquityPandit predicted that market is still in positive trend and traders should trade positive until Nifty holds 8150 levels for Nifty and exactly same happened. Nifty moved sharply positive and closed right below EquityPandit’s predicted resistance levels of 8285 levels for Nifty like a dot. Sensex also saw highs right at EquityPandit’s predicted resistance levels of 27520 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open flat. Technically, Analysis would still remain same. Indian Stock Market would consolidate in a rangebound region with positive bias. Some downtrend can be seen today. Overall, Indian Stock Market is still in positive trend. The Market would now look for fresh direction. FIIs were net buyers of of Rs.481.08 crores whereas DIIs were net sellers of Rs.30.55 crores Wednesday. Nifty would see strong support at 8200-8150-8090 levels whereas strong resistance would be seen at 8365-8400-8430 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8283) The support for the Nifty is at 8200-8150-8090 and the resistance to the up move is at 8365-8400-8430 levels.

NSE BankNifty: (18737) The support for the BankNifty is at 18420-18320-18100 and the resistance to the up move is at 18800-18880-19080 levels.

BSE Sensex: (27499) The support for the Sensex is at 27340-27200-27088 and the resistance to the up move is at 27600-27780 levels.

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