Market Enters Into Bullish Trend, Go Long At Every Dip In The Market
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that if Nifty manages to breach 8653 levels then market would see sharp breakout and exactly same happened. Indian Stock Market moved positive and breached EquityPandit’s predicted resistance levels of 8653. Breaching these levels forced Indian Stock Market to see new 52 week highs. 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 flat. Technically, Indian Stock Market is in positive zone. Traders should go long at every dip in the market. Nifty may see some immediate resistance at 8774-8800 levels but these are not very strong resistance and overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market. Near term targets for Nifty would be 8800-8920-9000 levels and BankNifty would see levels of 19800-20000 levels after some consolidation. US Fed outcome would play major role in deciding the further movement but for now trade is to go long at every dip.
FIIs were net buyers of Rs.390.63 crores whereas DIIs were net buyers of Rs.485.14 crores in cash market for last trading session. Nifty would see strong support at 8700-8660 whereas strong resistance would be seen at 8774-8805-8880-8925 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
Important Q1 Results To Be Disclosed Today: BPCL, GVK Power & Infrastructure, Hathway Cable, MCX and Sadbhav Engineering.
NSE Nifty: (8744) The support for the Nifty is 8700-8660 and the resistance to the up move is at 8774-8805-8880-8925 levels.
NSE BankNifty: (19532) The support for BankNifty is at 19484-19400-19299-19166 and the resistance to the up move is at 19660-19808-19965-20060 levels.
BSE Sensex: (28343) The support for the Sensex is at 28230-28120-28000 and the resistance to the up move is at 28500-28660-28720 levels.
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