Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that market would remain rangebound but once Nifty breaches levels of 7850, traders should go long into it as it would enter into positive trend and exactly same happened. Market moved sharply positive once it breached levels of 7850 taking Nifty to around 7906 levels. Sensex saw highs right at Equitypandit’s predicted resistance levels of 26060 like a dot. Nifty closed right below EquityPandit’s predicted resistance levels of 7860. Finally, Nifty saw some profit booking mainly due to Banking stocks falling down sharply and hence closed flat for the day but above our reversal levels of 7850 for Nifty.

Today: Indian Stock Market would open flat with positive bias. Technically, Nifty has entered into positive zone but Bank Nifty is still in negative zone. Bank Nifty would enter into positive zone once it breaches levels of 17290. Winter session of Parliament would start from November 26 and would play major role in deciding further direction of Indian Stock Market. Till then market would see sideways movement in a range bound region. For now Nifty is positive but Bank Nifty is in Negative zone. Traders should wait for both the indices Nifty and Bank Nifty to enter into same zone, positive or negative to take a strong trading decision. Trades should be long side biased at this point of time. FIIs were net sellers of Rs.94.09 crores whereas DIIs were net buyers of Rs.610.16 crores in last trading session. Nifty would see strong support at 7815-7800-7765-7715 whereas strong resistance would be seen at 7860-7880-7926-7958 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: (7857) The support for the Nifty is 7815-7800-7765-7715 and the resistance to the up move is at 7860-7880-7926-7958 levels.

NSE BankNifty: (17055) The support for BankNifty is at 16960-16875-16750 and the resistance to the up move is at 17140-17240-17480-17570 levels.

BSE Sensex: (25868) The support for the Sensex is at 25770-25695-25590-25450 and the resistance to the up move is at 25890-25950-26060-26180 levels.

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