Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive. EquityPandit predicted that Indian Stock Market is still in positive momentum and traders, who followed EquityPandit’s advice to go long at dips, might have earned huge profits for the day. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7910. Sensex also saw strong resistance right at EquityPandit’s predicted resistance levels of 26011 like a dot. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open flat with positive bias. US Fed leaves rates unchanged for atleast one more month and investors would now have to worry for another month whether the rates would be hiked or not? This uncertainty would keep market choppy and consolidated in a range. Market would fell down again in upcoming days. Now, the key trigger is RBI Interest Rate policy which can save Indian Stock market at this point of time. FIIs were again net sellers of Rs.337.27 crores whereas DIIs were net buyers of Rs.423.81 crores in last trading session. Nifty would see strong support at 7850-7800-7765-7700 whereas strong resistance would be seen at 7930-7962-8005-8091 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Click Here to Read Nifty and Major Stocks Outlook for This Week
NSE Nifty: (7899) The support for the Nifty is 7850-7800-7765-7700 and the resistance to the up move is at 7930-7962-8005-8091 levels.
NSE BankNifty: (16965) The support for BankNifty is at 16680-16500-16300-16200 and the resistance to the up move is at 17060-17172-17269-17380-17570 levels.
BSE Sensex: (25964) The support for the Sensex is at 25671-25500-25395 and the resistance to the up move is at 26011-26150-26302-26505-26670 levels.
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