Market Would Continue To See Positive Movement, Hold Long Positions
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened Gap Positive. EquityPandit predicted that Market has entered into positive zone and would see sharp positive movement. Market achieved EquityPandit’s target of 8200 for Nifty. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open Gap Positive. Technically, Indian Stock Market is still in positive zone. Market would see further positive movement and some resistance would be seen at 8255-8272-8300 levels for Nifty. If Nifty managed to breach these levels on closing basis, then a big breakout would be seen. BankNifty if breaches levels of 17885-18000 then it would see a big breakout. Brexit worries have been eased and Traders should hold long positions for now. Today is F&O Expiry, so some sharp volatility is not ruled out.
FIIs were net buyers of Rs.102.91 crores whereas DIIs were net sellers of Rs.20.19 crores in cash market for last trading session. Nifty would see strong support at 8160-8100-8080 whereas strong resistance would be seen at 8240-8255-8272-8300 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: (8204) The support for the Nifty is 8160-8100-8080 and the resistance to the up move is at 8240-8255-8272-8300 levels.
NSE BankNifty: (17690) The support for BankNifty is at 17620-17470-17330 and the resistance to the up move is at 17760-17827-17952-18029 levels.
BSE Sensex: (26740) The support for the Sensex is at 26720-26600-26540-26300 and the resistance to the up move is at 26822-26940-27030-27195 levels.
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