Market Still In Positive Momentum, Continue To Hold Long For Now
Last Trading Session: Indian Stock Market opened gap positive exactly as predicted by EquityPandit. EquityPandit predicted that Indian Stock Market is still in positive trend and traders should continue to hold long positions until 10100 holds for Nifty. EquityPandit also predicted that sharp bounce back is expected and exactly same happened. Indian Stock Market saw sharp positive rally as predicted by EquityPandit and saw strong resistance right near EquityPandit’s predicted resistance levels of 10340 for Nifty. Traders who followed EquityPandit’s advice might have earned huge profits in last two days. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Market would continue to see the positive rally. Next target for Nifty is set to 10420-10500 in days to come. Overall, Indian Stock Market is in positive momentum and traders can continue to hold long positions for now.
FIIs were net sellers of Rs.108.02 crores whereas DIIs were net buyers of Rs.615.28 crores in cash market for last trading session. Nifty would see strong support at 10300-10275-10200-10149 whereas strong resistance would be seen 10380-10433-10478-10500 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: NIL.
NSE Nifty: (10325) The support for the Nifty is 10300-10275-10200-10149 and the resistance to the up move is at 10380-10433-10478-10500 levels.
NSE BankNifty: (24760) The support for BankNifty is at 24618-24536-24465-24400 and the resistance to the up move is at 24880-25027-25226 levels.
BSE Sensex: (33597) The support for the Sensex is at 33500-33435-33340-33150 and the resistance to the up move is at 33745-33865-33940 levels.
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