Market Would See Sharp Breakout Today, Hold Long Positions
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day with 2 points negative for Nifty. EquityPandit predicted that Indian Stock Market has entered positive zone and traders should buy at dips in the market. EquityPandit also predicted that Market would see some resistance near 7715 for Nifty and 15950 levels for BankNifty and exactly same happened. Indian Stock Market saw some correction in initial trade but recovered sharply and saw highs right at EquityPandit’s predicted resistance levels of 7715 for Nifty and 15950 for BankNifty like a dot. Traders, who followed EquityPandit’s advice to go long at dips might have earned huge profits for the day and would continue to earn so. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone. Today, we would see a sharp breakout in the market. Market may now move towards 7800-8000 levels for Nifty and 16500-17000 levels for BankNifty in upcoming days. Traders are suggested to go long at every dip in the market. If Nifty manages to hold 7600 levels in upcoming sessions then market would see a sharp breakout from here. Now, a sharp breakout is round the corner. Next targets for Nifty is 7800-7888 levels and BankNifty is 16200-16500 levels in upcoming sessions. FIIs were net buyers of Rs.307.72 crores whereas DIIs were net sellers of Rs.61.74 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 7725-7776-7855-7888 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: (7709) The support for the Nifty is 7643-7600-7564-7500 and the resistance to the up move is at 7725-7776-7855-7888 levels.
NSE BankNifty: (15880) 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: (25146) The support for the Sensex is at 25060-24950-24834-24680 and the resistance to the up move is at 25280-25342-25572 levels.
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