RBI Policy Today, Market Near A big Movement, Go Long At Every Dip
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see a sharp positive rally. EquityPandit also predicted that market would see new 52 weeks high levels and exactly same happened. Indian Stock Market moved sharply positive and saw new 52 weeks high for Nifty. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive above 8700 for Nifty.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive trend. Today is RBI Policy and any positive surprise would would force Nifty to see Lifetime highs. BankNifty would be the biggest beneficiary if market moves positive. If no rate cut is seen then market would consolidate for another few days. Indian VIX (Volatility Index) is near its lowest levels and options are available at very cheap rates. Traders can buy both call and put options for this month series to earn very good profits.
FIIs were net buyers of Rs.1156.19 crores whereas DIIs were net sellers of Rs.876.34 crores in cash market for last trading session. Nifty would see strong support at 8630-8600-8570-8550 whereas strong resistance would be seen at 8741-8775-8800-8830 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
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Important Q1 Results To Be Disclosed Today: Adani Ports, Adani Power, Apollo tyres, Century Textiles, CCIL, Edelweiss Financial Services, Finolex Cables, Geometric, Godrej Properties, Indian Overseas Bank, JK Tyre, Jubilant Life Sciences, Lupin, Manappuram Finance, Natco Pharma, PFC, Tata Global Beverages and UCO Bank.
NSE Nifty: (8711) The support for the Nifty is 8630-8600-8570-8550 and the resistance to the up move is at 8741-8775-8800-8830 levels.
NSE BankNifty: (18939) The support for BankNifty is at 18825-18610-18533-18400-18218 and the resistance to the up move is at 19070-19160-19300 levels.
BSE Sensex: (28183) The support for the Sensex is at 28110-27950-27870-27736-27660 and the resistance to the up move is at 28294-28340-28500 levels.
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