Market Would Continue To See Positive Rally, Hold Long Positions Or Go Long At Every Dip
Last Trading Session: Indian Stock Market opened positive exactly as predicted. EquityPandit predicted that Nifty is still positive and traders can continue to hold long positions until Nifty holds above 11055 levels and exactly same happened. Indian Stock Market saw sharp positive movement and achieved EquityPandit’s predicted target of 11175 for Nifty. Nifty saw new lifetime highs. Traders, who followed EquityPandit’s suggestion to hold long positions 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, Now Indian Stock Market as a whole including Nifty, BankNifty and Sensex are in positive zone. Traders can continue to hold long positions until Nifty holds above 11077. Market is in positive momentum and now next logical target for Nifty is 11200-11225. Market would continue to see positive rally and the rally may extend to 11360 levels for Nifty in days to come. Overall, traders should continue to hold long positions. Some profit booking may be seen but every downfall would be an opportunity to go long in the market. BankNifty would also see new record highs in days to come.
FIIs were net buyers of Rs.2453.57 crores whereas DIIs were net sellers of Rs.2716.04 crores in cash market for last trading session. Nifty would see strong support at 11125-11090-11024 whereas strong resistance would be seen 11200-11215-11237-11265 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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Important Q1 results to be disclose today: Balmer Lawrie & Company, JK Cements, NTPC, Persistent Systems and Unichem Laboratories.
Stocks In F&O Ban Period: ADANIENT.
NSE Nifty: (11167) The support for the Nifty is 11125-11090-11024 and the resistance to the up move is at 11200-11215-11237-11265 levels.
NSE BankNifty: (27406) The support for BankNifty is at 27280-27145-27100-27045 and the resistance to the up move is at 27470-27500-27550-27640-27780 levels.
BSE Sensex: (36985) The support for the Sensex is at 36850-36814-36770-36708 and the resistance to the up move is at 37025-37075-37110-37270 levels.
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