Go Long At Every Dip In The Market, BankNifty To Drive Nifty Towards 9000
Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market would see some correction but Nifty is headed towards 8900-9000 levels and traders can go long at every dip in the market. Indian Stock Market saw sharp correction as predicted by EquityPandit. Indian Stock Market saw lows right near EquityPandit’s predicted support levels of 8675 for Nifty and 28050 for Sensex. EquityPandit predicted that traders should go long at every dip in the market and exactly same happened. Indian Stock Market saw sharp recovery and saw highs right near EquityPandit’s predicted resistance levels of 28294 for Sensex. Traders, who followed EquityPandit’s advice to go long at dips might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day. Nifty closed right below EquityPandit’s predicted resistance levels of 8740.
Today: Indian Stock Market would open flat. Technically, Indian STock Market is still in positive zone and traders should go long at every dip in the market. Some profit booking can’t be ruled out but every downfall would be temporary and an opportunity for traders to go long in the market. Nifty is now headed towards 8900-9000 levels. BankNifty is in positive momentum and would drive Nifty towards specified targets. Traders can hold long positions with stoploss of 8627 for Nifty spot levels and 19726 for BankNifty spot levels on closing basis. Market would enter into negative zone, if it closes below these levels. For now, Market has taken monthly reversal and 9000 levels would achieve in upcoming days for Nifty irrespective of any temporary downfall.
FIIs were net buyers of Rs.108.59 crores whereas DIIs were net sellers of Rs.110.89 crores in cash market for last trading session. Nifty would see strong support at 8697-8675-8615-8600-8570-8550 whereas strong resistance would be seen at 8775-8800-8830-8885 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: Aban Offshore, ACC, Credit Analysis & Research, Dalmia Bharat Ltd, FDC, Great Eastern Shipping Company, Gulf Oil Lubricants, Inidan Hotels, Inox Wind, Jet Airways, JK Lakshmi Cement, Mcleod Russel India, MRF, Novartis India, PVR, Sonata Software, SREI Infra, Strides Shasun, Torrent Pharma and Whirpool.
NSE Nifty: (8734) The support for the Nifty is 8697-8675-8615-8600-8570-8550 and the resistance to the up move is at 8775-8800-8830-8885 levels.
NSE BankNifty: (20070) The support for BankNifty is at 19916-19835-19760-19650 and the resistance to the up move is at 20180-20270-20380-20576 levels.
BSE Sensex: (28227) The support for the Sensex is at 28110-28050-27950-27870-27736 and the resistance to the up move is at 28294-28340-28500-28698 levels.
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