Market In Positive Zone, Go Long At Every Dip, Axis Bank And Wipro Results Today
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted market would be considered strong until Nifty holds 9075 levels and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 9220 like a dot. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day. BankNifty closed on the record high closing levels for the day. Market closed right below EquityPandit’s predicted resistance levels of 9220 for Nifty and 29660 for Sensex like a dot.
Today: Indian Stock Market would open positive. Technically, Indian Stock Market has entered into positive zone. Traders can go long at every dip in the market. Now, market can breach lifetime highs soon. Traders, who went long in Nifty and BankNifty on Friday as per EquityPandit’s predictions can continue to hold long positions as of now. Overall, market is positive and traders should go long in the direction of the trend. Once Market closes above 9275 levels for Nifty then it would soon see levels of 9350 for Nifty and 22000 levels for BankNifty making new record highs. Market needs to close positive today for the momentum to continue. Axis Bank and Wipro results today and would decide the further market direction for the day.
FIIs were net sellers of Rs.279.55 crores whereas DIIs were net buyers of Rs.984.17 crores in cash market for last trading session. Nifty would see strong support at 9200-9165-9150-9130 whereas strong resistance would be seen at 9237-9250-9280-9316-9345 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 Corporate Results Today: Axis Bank, Can Fin Homes, ICICI Prudential, IDFC Bank, Indian Bank, LIC Housing Finance, M&M Financial Services, Persistent Systems, Welspun India, Wipro and Zensar Technologies.
NSE Nifty: (9218) The support for the Nifty is 9200-9165-9150-9130 and the resistance to the up move is at 9237-9250-9280-9316-9345 levels.
NSE BankNifty: (21857) The support for BankNifty is at 21800-21733-21616-21540 and the resistance to the up move is at 21968-22080-22140-22274 levels.
BSE Sensex: (29656) The support for the Sensex is at 29600-29480-29350 and the resistance to the up move is at 29700-29880-29950-30060 levels.
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