Market Enters Positive Zone, Go Long At Every Dip In The Market
Last Trading Session: Indian Stock Market opened negative exactly as predicted by EquityPandit. EquityPandit predicted that BankNifty is in positive zone but Nifty is still in negative zone and would enter into positive zone only if it closes above 10737 and exactly same happened. Nifty saw sharp positive movement from there and managed to close above EquityPandit’s predicted reversal levels of 10737. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market has entered into positive zone and now traders can go long at every dip in the market. Nifty managed to close above 10737 which was a reversal level and now market is in control of bulls. Overall, market is bullish and every dip would be an opportunity to go long in the market until market holds above 10644 for Nifty and 25821 for BankNifty on closing basis.
FIIs were net sellers of Rs.704.03 crores whereas DIIs were net buyers of Rs.664.92 crores in cash market for last trading session. Nifty would see strong support at 10700-10675-10645-10600 whereas strong resistance would be seen 10785-10803-10840-10880 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: BALRAMCHIN, DHFL, IRB, JETAIRWAYS, JUSTDIAL, PCJEWELLER and WOCKPHARMA.
Important Companies To Disclose Its Q4 Results Today: Adani Transmission, Apollo Tyres, Asian Paints, Chambal Fertilizers, Chennai Petroleum, Indian Bank, KRBL, Mphasis, Navneet Education, Nestle India, Tata Communication, TI Financial Holdings, Titan, Ujjivan Financial Services, Union Bank Of India and Zee Entertainment.
NSE Nifty: (10742) The support for the Nifty is 10700-10675-10645-10600 and the resistance to the up move is at 10785-10803-10840-10880 levels.
NSE BankNifty: (26154) The support for BankNifty is at 25940-25800-25665 and the resistance to the up move is at 26270-26335-26504-26660 levels.
BSE Sensex: (35319) The support for the Sensex is at 35130-35070-35000-34970-34850 and the resistance to the up move is at 35380-35440-35507-35660 levels.
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