Market In Positive Momentum, Continue Long Positions For Now
Last Trading Session: Indian Stock Market opened flat with positive bias for the day. EquityPandit predicted that Nifty has entered into positive zone and traders can go long at every dip in the market and exactly same happened. Indian Stock Market moved sharply positive for the day. BankNifty also entered into positive zone and moved sharply positive for the day. Finally, Indian Stock Market closed gap positive for the day. Nifty closed right at EquityPandit’s predicted resistance levels of 10266 like a dot. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day.
Today: Indian Stock Market would open positive. Technically, Indian Stock Market including Nifty, BankNifty and Sensex are all in positive zone. Traders should continue to hold long positions in the market. Overall, market is positive and traders should ride with long positions in the market. Every dip would be an added opportunity for traders to add long positions in the market.
FIIs were net sellers of Rs.675.16 crores whereas DIIs were net buyers of Rs.1243 crores in cash market for last trading session. Nifty would see strong support at 10232-10200-10175 whereas strong resistance would be seen at 10300-10352-10386-10400 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
Stocks In F&O Ban Period: HDIL, IRB, JETAIRWAYS, JISLJALEQS, JPASSOCIAT and JSWENERGY.
NSE Nifty: (10266) The support for the Nifty is 10232-10200-10175 and the resistance to the up move is at 10300-10352-10386-10400 levels.
NSE BankNifty: (25321) The support for BankNifty is at 25284-25230-25170-25019 and the resistance to the up move is at 25380-25515-25670 levels.
BSE Sensex: (33250) The support for the Sensex is at 33155-33108-33012-32940 and the resistance to the up move is at 33280-33400-33451-33500 levels.
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