Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market would remain rangebound and Nifty would see strong resistance at 7880 levels and exactly same happened. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7880 like a dot. Bank Nifty also saw strong resistance at EquityPandit’s predicted resistance levels of 17140 and saw sharp profits booking at those levels. Coincidently, Sensex also saw strong resistance near EquityPandit’s predicted resistance levels of 25950 levels. Market saw sharp downfall from day highs and saw lows right near EquityPandit’s predicted support levels of 7815 for Nifty and 16960 for BankNifty. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open flat with negative bias. Technically, Analysis would still remain same. Nifty is in positive zone but BankNifty 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. 7860 is still an important Closing level for Nifty, breaching which traders can take long positions home. FIIs were net sellers of Rs.35.37 crores whereas DIIs were net buyers of Rs.90.28 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: (7849) 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: (17060) 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: (25819) 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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