Market In Positive Trend, Hold Long Positions and Buy At Dips
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that market would see some correction (negative movement) for the day but traders should go long at dips and exactly same happened. Nifty opened gap negative and recovered from day lows. Traders, who have gone long at those levels as per EquityPandit’s predictions might have earned huge profits for the day. Nifty saw strong resistance at EquityPandit’s predicted resistance levels of 7550. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open positive for the day. Technically, Indian Stock Market is still in positive zone and market would continue to move positive in days to come. Some temporary correction may be seen but that correction would be an opportunity for traders to go long. Next target for Nifty is at 7700. FIIs are continuous buyers in Indian Stock Market and it is a good sign for the market. FIIs were again net buyers of Rs.462.86 crores whereas DIIs were net sellers of Rs.823.56 crores in last trading session. Nifty would see strong support at 7495-7440-7400-7367 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: (7532) The support for the Nifty is 7495-7440-7400-7367 and the resistance to the up move is at 7550-7620-7663-7700 levels.
NSE BankNifty: (15279) The support for BankNifty is at 15200-15060-15000-14920 and the resistance to the up move is at 15380-15520-15600 levels.
BSE Sensex: (24794) The support for the Sensex is at 24660-24488-24380 and the resistance to the up move is at 24915-24988-25060-25120 levels.
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