Go Long At Every Dip Until Nifty Holds 7500 Levels by Closing
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market Opened positive for the day. Equitypandit predicted that market has entered into positive zone and traders can go long at this point of time. Equitypandit also predicted that Nifty would see strong resistance at 7606 levels and exactly same happened. Indian Stock Market opened positive but saw strong resistance right at EquityPandit’s predicted resistance levels of 7606 and fell down from there to close flat for the day.
Today: Indian Stock Market to open flat. Technically, Analysis would remain same and Indian Stock Market is still in positive zone. Traders can go long 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 as it is discounted as of now. FIIs were net buyers of Rs.253.88 crores whereas DIIs were net sellers of 535.7 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: Amara Raja Batteries, Cera Sanitaryware, Crompton Greaves, Cummins India, DLF, Escorts, Godrej Properties, HSIL, Jai Corp, KRBL, Shree Cement, Tata Communications, Torrent Power, Tube Investments, UFlex, United Breweries and Welspun India.
NSE Nifty: (7556) 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: (15314) The support for BankNifty is at 15200-15060-14950 and the resistance to the up move is at 15600-15680-15805-15954 levels.
BSE Sensex: (24825) 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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