Market Entered Positive Zone, Go Long At Dips
Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that market is in negative zone but FIIs trading pattern shows that we may see a big breakout in upcoming trading sessions. EquityPandit also predicted that traders should initiate fresh long positions if Nifty breaches 7635 levels and exactly same happened. Indian Stock Market breached EquityPandit’s given levels and saw a sharp breakout from there. Traders, who followed EquityPandit’s advice to go long, if Nifty breaches 7635 might have earned good profits for the day. Sensex saw highs right below EquityPandit’s predicted resistance levels of 25060. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market has entered positive zone. Now, traders can go long at every dip in the market. If Market managed to hold 7500 levels in upcoming sessions then this would be a long positive trend and we may see a sharp breakout from here. Now, a sharp breakout is round the corner. Once BankNifty closes above 15840 levels, we would see huge positive momentum and sharp breakout would be seen in overall market that would take Nifty near to 7777-7800 levels and BankNifty to 16000-16200 levels in upcoming session. FIIs were net buyers of Rs.107.23 crores whereas DIIs were net buyers of Rs.303.88 crores in cash market for last trading session. Nifty would see strong support at 7643-7600-7564-7500 whereas strong resistance would be seen at 7715-7776-7855-7888 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: (7671) The support for the Nifty is 7643-7600-7564-7500 and the resistance to the up move is at 7715-7776-7855-7888 levels.
NSE BankNifty: (15819) The support for BankNifty is at 15735-15515-15450-15365 and the resistance to the up move is at 15950-16060-16156-16280 levels.
BSE Sensex: (25022) The support for the Sensex is at 24950-24834-24680-24550 and the resistance to the up move is at 25120-25280-25342-25572 levels.
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