Nifty entered into positive zone, go long in the market
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market would see some further short covering and if it closes above levels of 7700 then market would enter into positive zone and traders can go long in that case and same happened. Traders, who followed EquityPandit’s advice might have earned decent profits for the day. Nifty closed right at EquityPandit’s predicted resistance levels of 7700. Sensex also closed right at EquityPandit’s predicted resistance levels of 25320 like a dot. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open positive for the day. Nifty has already entered into positive zone and now further positive movement can be seen. BankNifty is still in negative zone and would enter into positive zone once it closes above 16535 levels. Traders should go long at this point of time and if BankNifty also closes in positive zone then traders can take long positions home. FED Rate Hike decision that would be disclosed tonight would impact Indian Stock Market, going ahead. FIIs were net buyers of Rs.48.67 crores whereas DIIs were net buyers of Rs.273.93 crores in last trading session. Nifty would see strong support at 7625-7600-7545-7500 whereas strong resistance would be seen at 7725-7770-7825 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
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NSE Nifty: (7701) The support for the Nifty is 7625-7600-7545-7500 and the resistance to the up move is at 7725-7770-7825 levels.
NSE BankNifty: (16399) The support for BankNifty is at 16255-16060-15933-15760 and the resistance to the up move is at 116441-16540-16700 levels.
BSE Sensex: (25320) The support for the Sensex is at 25150-25060-24950-24850 and the resistance to the up move is at 25412-25540-25660-25750 levels.
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