Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive. EquityPandit also predicted that market is still in positive zone and traders should go long at every dip in the market where support would be seen at 8125 and resistance would be seen at 8232 and exactly same happened. Finally, EquityPandit’s target of 8207 achieved for Nifty. Traders, who followed EquityPandit’s advice to go long at every dip in the market might have earned huge profits for the day. Nifty saw strong support near EquityPandit’s predicted support levels of 8125 whereas saw highs right at EquityPandit’s predicted resistance levels of 8230 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Analysis would still remain same and Market is in positive zone where traders should go long at every dip in the market. 8100 is important level for Nifty to watch out for, closing below 8100, would confirm weakness in Nifty and traders can exit long positions by then. For now the trade is to hold long position. Bank Nifty would enter into negative zone once it closes below 17210 levels, below which one should go short in BankNifty but for now, it is in positive zone and traders should go long at every dip in the market for the targets of 17850 and and 18220. FIIs were net buyers of Rs.483.86 crores whereas DIIs were net sellers of Rs.369 crores in last trading session. Nifty would see strong support at 8132-8100-8035-8005 whereas strong resistance would be seen at 8230-8297-8347 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: (8190) The support for the Nifty is 8132-8100-8035-8005 and the resistance to the up move is at 8230-8297-8347 levels.

NSE BankNifty: (17590) The support for BankNifty is at 17497-17365-17200-16950 and the resistance to the up move is at 17750-17850-18120-18220 levels.

BSE Sensex: (27080) The support for the Sensex is at 27000-26850-26660-26580 and the resistance to the up move is at 27200-27445-27565 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