Market Ready For Positive Breakout, Go Long At Every Dip, Nifty To Breach 11500
Last Trading Session: Indian Stock Market opened positive exactly as predicted. EquityPandit predicted that Indian Stock Market would see some positive movement and traders should go long if Nifty manages to close above 11453 levels and exactly same happened. Indian Stock Market moved sharply positive and managed to close above EquityPandit’s predicted reversal levels of 11453. Finally, Indian Stock Market closed gap positive for the day. Nifty closed right at EquityPandit’s predicted resistance levels of 11470 like a dot.
Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market including Nifty, Sensex and BankNifty have entered into positive zone. Now traders can go long at every dip in the market. Market would see a breakout and it would breach the psychological resistance of 11500 for Nifty. Overall, market is positive and would continue to see bullish movement until Nifty holds above 11382 on closing basis.
FIIs were net buyers of Rs.147.31 crores whereas DIIs were net buyers of Rs.151.89 crores in cash market for last trading session. Nifty would see strong support at 11430-11400-11365-11340 whereas strong resistance would be seen 11505-11545-11600-11660 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: ADANIENT, ADANIPOWER, JETAIRWAYS, JISJALEQS and RAYMOND.
NSE Nifty: (11471) The support for the Nifty is 11430-11400-11365-11340 and the resistance to the up move is at 11505-11545-11600-11660 levels.
NSE BankNifty: (28128) The support for BankNifty is at 28075-28000-27960-27840-27760 and the resistance to the up move is at 28275-28360-28400-28500 levels.
BSE Sensex: (37948) The support for the Sensex is at 37865-37785-37640-37585 and the resistance to the up move is at 38075-38140-38180-38240 levels.
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