Market Enters Positive Zone, Go Long At Every Dip In The Market
Last Trading Session: Indian Stock Market opened flat exactly as predicted by EquityPandit. EquityPandit predicted that Indian Stock Market would try to bounce back and exactly same happened. Indian Stock Market bounced back sharply and managed to close above 10109. Finally, Indian Stock Market manged to close gap positive for the day.
Today: Indian Stock Market would open positive. Technically, Indian Stock Market including, Nifty, BankNifty and Sensex has entered into positive zone. Now traders can initiate fresh long positions in the market and go long at every dip in the market. Bulls have smartly taken over the market and now we would see the positive trend to continue for next few days.
FIIs were net sellers of Rs.741.19 crores whereas DIIs were net buyers of Rs.2017.95 crores in cash market for last trading session. Nifty would see strong support at 10090-10047-10020-9987 whereas strong resistance would be seen 10200-10226-10275-10309 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: IFCI, JETAIRWAYS, JPASSOCIAT and ORIENTBANK.
NSE Nifty: (10131) The support for the Nifty is 10090-10047-10020-9987 and the resistance to the up move is at 10200-10226-10275-10309 levels.
NSE BankNifty: (24244) The support for BankNifty is at 24130-24075-24000-23947 and the resistance to the up move is at 24350-24422-24462-24565 levels.
BSE Sensex: (33066) The support for the Sensex is at 32940-32885-32800-32670 and the resistance to the up move is at 33118-33180-33240-33380 levels.
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