Market Entered Positive Zone, Traders Can Go Long At Every Dip
Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Market would see some positive reaction after a flat opening and exactly same happened. EquityPandit predicted that Market would enter into positive zone once Market closes above 8120 levels for Nifty and 17560 levels for BankNifty and same happened. Market recovered from day lows and managed to close above EquityPandit’s predicted levels. Nifty saw highs right on EquityPandit’s predicted resistance levels of 8145 like a dot. BankNifty also saw highs right near EquityPandit’s predicted resistance levels of 17620 like a dot. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open Gap Positive. Technically, Indian Stock Market has entered into positive zone. Now Nifty would see further positive movement. Nifty would see immediate support at 8080 levels. Now, Next target for Nifty would be seen at 8175-8200-8240 levels. EquityPandit is expecting a big breakout or breakdown in next couple of days. EquityPandit would surely capture the breakout or breakdown at best possible levels, so traders are suggested to follow the trends very closely. For now, Traders should go long at every dip in the market.
FIIs were net sellers of Rs.190.43 crores whereas DIIs were net sellers of Rs.242.71 crores in cash market for last trading session. Nifty would see strong support at 8080-8030-8000-7980 whereas strong resistance would be seen at 8145-8180-8200-8240 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: (8128) The support for the Nifty is 8080-8030-8000-7980 and the resistance to the up move is at 8145-8180-8200-8240 levels.
NSE BankNifty: (17562) The support for BankNifty is at 17480-17300-17195-17050 and the resistance to the up move is at 17620-17652-17827-18000 levels.
BSE Sensex: (26525) The support for the Sensex is at 26380-26215-26128 and the resistance to the up move is at 26600-26687-26822-27950 levels.
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