Market Would See Positive Rally, Go Long At Every Dip
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with 1 points negative for Nifty. EquityPandit predicted that market would see further correction but traders should go long near EquityPandit’s predicted support levels as market would bounceback from those support levels and exactly same happened. Traders, who followed EquityPandit’s advice to go long near supports might have earned huge profits for the day. Nifty saw highs just near EquityPandit’s predicted resistance levels of 7550. Sensex also saw highs near EquityPandit’s predicted resistance levels of 24820 like a dot. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open gap positive for the day. Technically, Indian Stock Market is still in positive zone. BankNifty, once breaches levels of 15550, then we may see a sharp breakout in Indian Stock Market and can conclude that the lows have been made for the year, until then some temporary correction can be seen. Overall, Indian Stock Market is positive and Traders should go long at every dip in the market and hold long positions. Next Target for Nifty is 7620-7700. FIIs are continuous buyers in Indian Stock Market for the whole month of March and it is a positive sign for the Indian Stock Market. FIIs were again net buyers of Rs.368.36 crores whereas DIIs were net sellers of Rs.432.81 crores in last trading session. Nifty would see strong support at 7485-7440-7400-7367 whereas strong resistance would be seen at 7550-7620-7663-7700 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: (7510) The support for the Nifty is 7485-7440-7400-7367 and the resistance to the up move is at 7550-7620-7663-7700 levels.
NSE BankNifty: (15168) The support for BankNifty is at 15060-15000-14920-14850 and the resistance to the up move is at 15380-15520-15600 levels.
BSE Sensex: (24718) The support for the Sensex is at 24550-24488-24380-24200 and the resistance to the up move is at 24820-24915-24988-25060 levels.
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