Market Ready To See Next Positive Rally With A Breakout
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Market would see further correction before any positive rally. EquityPandit also predicted that Intraday traders can go short in Nifty if it breaches levels of 8315 levels and BankNifty, if it breaches 17985 levels and exactly same happened. Indian Stock Market opened flat and breached EquityPandit’s predicted levels to see sharp downfall. Traders, who followed EquityPandit’s suggestion might have earned decent profits for the day. Finally, Indian Stock Market closed negative for the day.
Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone. Now, Market would see positive rally. Market is ready to see a sharp breakout and Traders should go long at every dip in the market for excellent profits.
FIIs were net buyers of Rs.330.62 crores whereas DIIs were net sellers of Rs.512.67 crores in cash market for last trading session. Nifty would see strong support at 8315-8300-8280-8240 whereas strong resistance would be seen at 8370-8385-8400-8450 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: (8323) The support for the Nifty is 8315-8300-8280-8240 and the resistance to the up move is at 8370-8385-8400-8450 levels.
NSE BankNifty: (18016) The support for BankNifty is at 17985-17950-17800-17740 and the resistance to the up move is at 18150-18220-18380-18500 levels.
BSE Sensex: (27127) The support for the Sensex is at 27110-26950-26870-26720 and the resistance to the up move is at 27295-27385-27450-27600 levels.
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