Market Still In Positive Momentum, Buy At Every Dip In The Market
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market is still in positive zone and traders can continue to hold long positions as of now. EquityPandit also predicted that we would continue to see sharp positive movement and exactly same happened. Traders, who followed EquityPandit’s advice to go long might have earned huge profits in last 4 trading sessions. Nifty closed right at EquityPandit’s predicted resistance levels of 7475 like a dot. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in positive zone. The trade for now is to hold the long positions. Every downfall would be an opportunity for traders to go long. Market has already seen its bottom for the year and now we may continue to see positive movement. Traders can continue to hold long positions as of now. Some profit booking can’t be ruled out but overall market would remain positive for now and next targets for Nifty is 7500-7700. Once Nifty breaches 7520 levels, it would see further positive momentum. FIIs were huge buyers into Indian Stock Market for consecutive 3 days for the first time in last 4 months and that’s the good sign for Indian Stock Market. FIIs were again net buyers of Rs.911.98 crores whereas DIIs were net sellers of Rs.464.75 crores in last trading session. Nifty would see strong support at 7400-7367-7330-7308 whereas strong resistance would be seen at 7505-7620-7663-7700 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: (7476) The support for the Nifty is 7400-7367-7330-7308 and the resistance to the up move is at 7505-7620-7663-7700 levels.
NSE BankNifty: (15178) The support for BankNifty is at 15000-14920-14825-14700 and the resistance to the up move is at 15240-15380-15520-15600 levels.
BSE Sensex: (24607) The support for the Sensex is at 24488-24380-24206 and the resistance to the up move is at 24660-24786-24915-24988 levels.
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