Continue Long Positions In The Market Until Nifty Holds 10247 By Closing
Last Trading Session: Indian Stock Market opened flat. EquityPandit predicted on Friday that market is still in positive momentum and traders can continue to hold long positions for now and exactly same happened. Indian Stock Market moved sharply positive. 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 move positive. Some profit booking would definitely be seen but traders can hold long positions until Nifty holds above 10247. Next target for Nifty is set to 10420-10500-10562. Overall, market is positive and traders can continue to hold long positions in the market. Every downfall would be an opportunity for traders to go long until Nifty holds above 10247 on closing basis.
FIIs were net sellers of Rs.1300.93 crores whereas DIIs were net buyers of Rs.359.35 crores in cash market for last trading session. Nifty would see strong support at 10300-10275-10200-10149 whereas strong resistance would be seen 10418-10433-10478-10500-10562 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
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Stocks In F&O Ban Period: JETAIRWAYS.
NSE Nifty: (10379) The support for the Nifty is 10300-10275-10200-10149 and the resistance to the up move is at 10418-10380-10433-10478-10500 levels.
NSE BankNifty: (25094) The support for BankNifty is at 24820-24700-24618 and the resistance to the up move is at 25153-25226-25345 levels.
BSE Sensex: (33789) The support for the Sensex is at 33580-33500-33435-33340 and the resistance to the up move is at 33865-33940-34077-34170 levels.
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