Market Would Continue To See Positive Momentum, Hold Long Positions
Last Trading Session: Indian Stock Market opened positive as predicted by EquityPandit. EquityPandit predicted that market is still in positive zone for now and traders should continue long positions until Nifty holds above 11507 levels for Nifty and exactly same happened. BankNify saw lows right at EquityPandit’s predicted support levels of 27960 like a dot and recovered sharply from there. Indian Stock Market moved sharply positive and made new record highs for the day. Traders, who followed EquityPandit’s suggestion might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone. BankNifty also entered into positive zone. Some profit booking could be seen at higher levels but overall Indian Stock Market is in positive zone and traders should continue to hold long positions until Nifty holds above 11559 levels. Next Logical Target For Nifty is at 11760-11800 in upcoming days.
FIIs were net buyers of Rs.252.52 crores whereas DIIs were net buyers of Rs.1117.24 crores in cash market for last trading session. Nifty would see strong support at 11655-11600-11880 whereas strong resistance would be seen 11740-11800 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: HEXAWARE, JETAIRWAYS and JISJALEQS.
NSE Nifty: (11692) The support for the Nifty is 11655-11600 and the resistance to the up move is at 11765-11800-11880 levels.
NSE BankNifty: (28264) The support for BankNifty is at 28160-28070-28000-27940 and the resistance to the up move is at 28378-28500-28540-28660 levels.
BSE Sensex: (38694) The support for the Sensex is at 38580-38500-38380 and the resistance to the up move is at 38800-38880-39000-39075 levels.
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