Market To See Positive Rally Today, Hold Long Positions
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that a sharp correction would be seen after the US FED Remarks but the trade is to go long at every sharp dip in the market and exactly same happened. Market opened negative and went down sharply near EquityPandit’s predicted 8060 levels but rebounded from there and covered most of the downfall. Sensex also saw lows right near EquityPandit’s predicted support levels of 26300. Traders, who followed EquityPandit’s advice to go long at sharp dip in the market might have earned huge profits for the day. Finally, Market recovered but closed negative for the day.
Today: Indian Stock Market would open Gap Positive. Technically, Indian Stock Market is still in positive trend and the trade is to go long at every dip in the market. Now 8060 would act as important levels to watch out for Nifty. EquityPandit predicted yesterday that market would see correction but traders should go long at every dip. Now, Today market would see sharp positive rally and traders who followed EquityPandit’s advice to go long would get huge profits. Nifty once closes above 8300 levels then we would see a sharp breakout in the market. BankNifty would also see support at 17500 levels and if it closes above 18000 levels then we would see a sharp breakout in BankNifty. Overall, Market is positive for now and the trade is to go long at every dip in the market. FIIs were net sellers of Rs.156.75 crores whereas DIIs were net sellers of Rs.163 crores in cash market for last trading session. Nifty would see strong support at 8098-8060-8000 whereas strong resistance would be seen at 8180-8200-8252-8294 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: (8141) The support for the Nifty is 8098-8060-8000 and the resistance to the up move is at 8180-8200-8252-8294 levels.
NSE BankNifty: (17671) The support for BankNifty is at 17620-17470 and the resistance to the up move is at 17830-18000-18052-18139 levels.
BSE Sensex: (26525) The support for the Sensex is at 26500-26300-26260-26000 and the resistance to the up move is at 26600-26720-26822-26940-27030 levels.
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