Some Profit Booking Can Be Seen But Hold Long Positions For Now
Last Trading Session: Indian Stock Market opened positive for the day exactly as per EquityPandit’s prediction. EquityPandit predicted that traders can continue to hold long positions with next logical target of 10420 for Nifty and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted targets of 10420 for Nifty. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day. Sensex also closed right at EquityPandit’s predicted resistance levels of 25226 like a dot.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Now, Profit booking can be seen at these levels but trend is still positive and traders should continue to hold long positions with next logical targets of 10500 for Nifty in days to come. Global Markets have seen sharp positive rally after China’s Xi sothes trade war concerns. Traders can hold long positions until Nifty holds above 10303 on closing basis. Overall, market is still in positive momentum and traders & investors should hold long positions for now.
FIIs were net sellers of Rs.684.99 crores whereas DIIs were net buyers of Rs.653.65 crores in cash market for last trading session. Nifty would see strong support at 10380-10300-10275 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.
Click Here to Check the Trend Of Major Indices and Stocks
Stocks In F&O Ban Period: BALRAMCHIN, JETAIRWAYS.
NSE Nifty: (10402) The support for the Nifty is 10380-10300-10275 and the resistance to the up move is at 10418-10433-10478-10500-10562 levels.
NSE BankNifty: (25227) The support for BankNifty is at 24820-24700-24618 and the resistance to the up move is at 25280-25345-25500-25722 levels.
BSE Sensex: (33880) The support for the Sensex is at 33800-33660-33580 and the resistance to the up move is at 33940-34077-34170 levels.
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