Some Correction Would Be Seen, Buy At Dips Until BankNifty Holds 15000
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market is in positive trend hence traders should go long at every dip in the market and exactly same happened. Traders, who followed EquityPandit’s advice to go long at dips in the market might have earned huge profits for the day. Indian Stock Market closed positive just below EquityPandit’s predicted resistance levels of 7550 for Nifty and 24820 for Sensex. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open flat for the day. Technically, Analysis would still remain same and 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 correction would be seen but those correction would be temporary in nature. Overall, Indian Stock Market is positive and Traders should go long at every correction in the Nifty and BankNifty until 15000 levels holds by the closing. Below 15000 levels for BankNifty, the risk of breakdown exists, so consider 15000 as stoploss on closing basis for BankNifty. 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.1035.63 crores whereas DIIs were net sellers of Rs.805.34 crores in last trading session. Nifty would see strong support at 7515-7485-7434-7400 whereas strong resistance would be seen at 7585-7620-7663-7700 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: (7539) The support for the Nifty is 7515-7485-7434-7400 and the resistance to the up move is at 7585-7620-7663-7700 levels.
NSE BankNifty: (15278) The support for BankNifty is at 15200-15060-15000-14920 and the resistance to the up move is at 15380-15420-15520-15600 levels.
BSE Sensex: (24804) The support for the Sensex is at 24730-24550-24488-24380 and the resistance to the up move is at 24915-24988-25060-25120 levels.
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