Market In Positive Zone, Go Long At Every Dip In The Market
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive biased for the day. EquityPandit predicted that Nifty is still in positive zone and traders should go long at every dip in the market until Nifty closes below 8060 levels and exactly same happened. Indian Stock Market moved sharply positive and achieved both the EquityPandit’s targets of 8200-8220 for Nifty. 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 positive. Technically, Indian Stock Market is in positive zone and traders should go long at every dip in the market. Traders can also consider going long in BankNifty at every dip and can take long positions home if BankNifty closes above 18651 levels. Now next target for Nifty is 8288-8300-8400 and BankNifty is at 18880-19000 levels, if it closes above 18651 levels. For now, traders should go long at every dip in the market. Nifty candlestick charts have gap at 8500 levels, so if banking sector supports thatn Nifty can see levels of 8500 in upcoming days.
FIIs were net sellers of Rs.434.42 crores whereas DIIs were net buyers of Rs.676.68 crores in cash market for last trading session. Nifty would see strong support at 8200-8160-8100-8050 whereas strong resistance would be seen at 8288-8305-8400 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 Results To Be Disclosed Today: Clariant Chemcials India Ltd and Gillette India Ltd.
NSE Nifty: (8225) The support for the Nifty is 8200-8160-8100-8050 and the resistance to the up move is at 8288-8305-8400 levels.
NSE BankNifty: (18628) The support for BankNifty is at 18591-18500-18440-18322 and the resistance to the up move is at 18690-18780-18888-19020 levels.
BSE Sensex: (26653) The support for the Sensex is at 26597-26500-26450-26380 and the resistance to the up move is at 26809-26950-27060-27128 levels.
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