Close Short Positions and Initiate Long Positions Only If Nifty Closes Above 10305
Last Trading Session: Indian Stock Market opened positive exactly as predicted by EquityPandit. EquityPandit predicted that market to bounce from support and exactly same happened. Indian Stock Market moved sharply positive for the day. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open positive. Technically, Nifty and BankNifty are still in negative zone. Indian Stock Market has seen sharp bounceback from its support. Traders can close short positions and initiate fresh long positions only if market closes above 10305 for Nifty and 24618 levels for BankNifty. Until then traders can wait for the confirmation of the trend. On global front, Trump has accepted to meet North Korea’s Kim, which is a positive news for the streets around the globe.
FIIs were net sellers of Rs.364.80 crores whereas DIIs were net buyers of Rs.675.26 crores in cash market for last trading session. Nifty would see strong support at 10146-10097-10065-10000 whereas strong resistance would be seen 10315-10437-10500 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: BALRAMCHIN, DHFL, HDIL and IDBI.
NSE Nifty: (10243) The support for the Nifty is 10146-10097-10065-10000 and the resistance to the up move is at 10315-10437-10500 levels.
NSE BankNifty: (24478) The support for BankNifty is at 24360-24270-24150-24050 and the resistance to the up move is at 24584-24730-24880-25050 levels.
BSE Sensex: (33352) The support for the Sensex is at 33280-33139-33040 and the resistance to the up move is at 33439-33546-33715 levels.
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