Market Would Continue To See Positive Rally, Hold Long Positions
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market is ready to see next positive rally with a breakout and exactly same happened. EquityPandit suggested traders to go long in the market and traders who followed EquityPandit’s advice 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. Traders should continue to hold long positions in Nifty and BankNifty. BankNifty would outperform Nifty in days to come.
FIIs were net buyers of Rs.1055.80 crores whereas DIIs were net sellers of Rs.610.57 crores in cash market for last trading session. Nifty would see strong support at 8415-8350-8312 whereas strong resistance would be seen at 8505-8567-8605 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: (8468) The support for the Nifty is 8415-8350-8312 and the resistance to the up move is at 8505-8567-8605 levels.
NSE BankNifty: (18391) The support for BankNifty is at 18260-18160-18060-17990 and the resistance to the up move is at 18500-18560-18640-18756 levels.
BSE Sensex: (27627) The support for the Sensex is at 27568-27450-27300-27200 and the resistance to the up move is at 27730-27814-27950-28071 levels.
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