Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market is in positive zone and traders should continue to hold long positions as of now and exactly same happened. Traders, who followed EquityPandit’s advice to hold long positions might have earned decent profits for the day. BankNifty almost saw highs near EquityPandit’s targets of 17850 levels but there it faced strong selling pressure due to profit booking. Finally, Nifty and Sensex closed positive for the day.
Today: Indian Stock Market would open flat. Technically, Nifty, Bank Nifty and Sensex are in positive zone and traders should continue to hold long positions. Some profit booking may be seen at higher levels but traders should take it as an oppotunity to buy on dips. Now next target for Nifty is 8207 and 8350. BankNifty can see levels of 17850 and 18220 levels in days to come. FIIs were net buyers of Rs.480.24 crores whereas DIIs were net sellers of Rs.424.60 crores in last trading session. Nifty would see strong support at 8050-8005-7980 whereas strong resistance would be seen at 8207-8230-8297-8350 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: (8153) The support for the Nifty is 8050-8005-7980 and the resistance to the up move is at 8207-8230-8297-8350 levels.
NSE BankNifty: (17605) The support for BankNifty is at 17520-17365-17200 and the resistance to the up move is at 17850-18120-18220 levels.
BSE Sensex: (26933) The support for the Sensex is at 26660-26580-26375 and the resistance to the up move is at 27060-27140-27445-27565 levels.
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