Hold Long Positions with Stoploss below 7845 for Nifty by Closing
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with just 2 points positive for Nifty. EquityPandit predicted that Market is in positive zone and traders should hold long positions until Nifty breaches levels of 7800 and exactly same happened. Indian Stock Market moved sharply positive generating huge profits for traders, who followed EquityPandit’s advice for the day. BankNifty also saw sharp positive movement and made high right at EquityPandit’s predicted levels of 17015. Finally, Indian Stock Market closed gap positive and Nifty closed right at EquityPandit’s predicted resistance levels of 7926 like a dot.
Today: Indian Stock Market would open positive. Technically, analysis would remain same and Indian Stock Market is still in positive zone.The trade for now is to hold long positions until Nifty holds levels of 7845. Positive momentum would be seen in the market if BankNifty breaches levels of 17000 by closing. FIIs were net sellers of Rs.302.62 crores whereas DIIs were net buyers of Rs.987.82 crores in last trading session. Nifty would see strong support at 7893-7850-7825-7775 whereas strong resistance would be seen at 7980-8005-8035 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: (7925) The support for the Nifty is 7893-7850-7825-7775 and the resistance to the up move is at 7980-8005-8035 levels.
NSE BankNifty: (16979) The support for BankNifty is at 16840-16750-16650-16560 and the resistance to the up move is at 17015-17111-17230-17305 levels.
BSE Sensex: (26034) The support for the Sensex is at 25950-25850-25688-25540 and the resistance to the up move is at 26060-26185-26250-26431 levels.
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