Market Entered Positive Zone, Go Long At Every Dip
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market Opened flat for the day. EquityPandit predicted that Nifty needs to breach 7440 to enter into positive zone and exactly same happened. Once Nifty breached the levels of 7440, it moved sharply positive and finally, entered into positive zone. Nifty closed right below EquityPandit’s predicted resistance levels of 7567 like a dot. Sensex also saw highs right at EquityPandit’s predicted resistance levels of 24915 like a dot. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market to open positive. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex has entered into positive zone. Traders can go long for now at every dip in the market. Now, Nifty would see strong support at 7500 levels. Traders can also go long in BankNifty at this point of time for huge profits as it is discounted as of now. FIIs were first time buyers in Indian Stock Market after 18 trading days of selling. FIIs were net buyers of Rs.571.70 crores whereas DIIs were net buyers of 240.02 crores in last trading session. Nifty would see strong support at 7500-7475-7367-7200 whereas strong resistance would be seen at 7606-7675-7755-7800 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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Important Results to be disclosed today: Aban Offshore, Adani Enterprises, Ajanta Pharma, Century Textiles, EID Perry, HPCL, Jindal Saw, Tech Mahindra, Transport corporation Of India, VIP Industries and VRL Logistics.
NSE Nifty: (7564) The support for the Nifty is 7500-7475-7367-7200 and the resistance to the up move is at 7606-7663-7693-7755 levels.
NSE BankNifty: (15522) The support for BankNifty is at 15500-15336-15200-15060 and the resistance to the up move is at 15600-15680-15805-15954 levels.
BSE Sensex: (24871) The support for the Sensex is at 24644-24488-24380-24206 and the resistance to the up move is at 24988-25082-25120-25225 levels.
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