Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that market would move positive but the uncertainty of Fed Rate Hike would keep market choppy and consolidated and exactly same happened. Indian Stock Market moved sharply positive but consolidated there for the whole day and finally, some profit booking was seen in the market. Anyhow, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open gap negative. Today market would see some sharp profit booking and the uncertainty of FED Rate Hike would keep market choppy. As EquityPandit predicted earlier that if Fed doesn’t see rate hike then market would fall down further with choppy trades and same is going to happen. Traders should go short at this point of time. Now, all the eyes are set on RBI Credit policy which can save Indian Stock market at this point of time from falling further. FIIs were net buyers of Rs.643.51 crores whereas DIIs were net buyers of Rs.415.09 crores in last trading session. Nifty would see strong support at 7950-7900-7856-7797 whereas strong resistance would be seen at 8005-8055-8091-8140 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: (7982) The support for the Nifty is 7950-7900-7856-7797 and the resistance to the up move is at 8005-8055-8091-8140 levels.
NSE BankNifty: (17409) The support for BankNifty is at 17150-17028-16875-16780 and the resistance to the up move is at 17570-17660-17850 levels.
BSE Sensex: (26219) The support for the Sensex is at 26005-25815-25671 and the resistance to the up move is at 26302-26505-26670 levels.
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