Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative. EquityPandit predicted that market would remain choppy and exactly same happened. Nifty fell down sharply and saw strong supports at EquityPandit’s predicted support levels of 7900. Bank Nifty too saw strong support near EquityPandit’s predicted support levels of 17150. Finally, market recovered from day lows led by banking sector and saw highs right at EquityPandit’s predicted resistance levels of 17570 like a dot. Market closed flat but BankNifty managed to close green for the day.
Today: Indian Stock Market would open flat with positive bias. Currently, market is still in no trading region and traders should wait for market to see some stable direction before taking any positions home. Overall, Market is in positive trend and Indian Stock Market looks stronger then it global peers. Any positions if taken should be in positive direction. FIIs were net buyers of Rs.154.87 crores whereas DIIs were net buyers of Rs.104.08 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: (7977) 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: (17542) The support for BankNifty is at 17410-17150-17028-16875 and the resistance to the up move is at 17570-17660-17850-17980 levels.
BSE Sensex: (26193) The support for the Sensex is at 25970-25815-25671 and the resistance to the up move is at 26302-26505-26670 levels.
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