Positive Momentum To Continue, Hold Long Positions Or Buy At Dips
Last Trading Session: Indian Stock Market opened positive exactly as predicted by EquityPandit. EquityPandit predicted that traders can hold long positions until Nifty holds above 10700 levels and exactly same happening. Market opened positive and moved further positive as predicted by EquityPandit. Traders who followed EquityPandit’s advice to hold long position might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Traders can continue to hold long positions in the market. Karnataka Election results would be disclosed tomorrow and BJP expected to win the elections. In that case market would see sharp positive movement and traders should continue to hold long positions or buy on every dip in the market.
FIIs were net sellers of Rs.325.44 crores whereas DIIs were net buyers of Rs.1163.35 crores in cash market for last trading session. Nifty would see strong support at 10760-10700-10675-10645 whereas strong resistance would be seen 10840-10885-10912 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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NSE Nifty: (10807) The support for the Nifty is 10760-10700-10675-10645 and the resistance to the up move is at 10840-10885-10912 levels.
NSE BankNifty: (26413) The support for BankNifty is at 26250-26000 and the resistance to the up move is at 26504-26660-26800 levels.
BSE Sensex: (35536) The support for the Sensex is at 35404-35200-35130-35070-35000 and the resistance to the up move is at 35660-35738-36000 levels.
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