Market To See Further Positive Movement, Hold Long Positions
Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that market would consolidate until Nifty holds below 10591 but above these levels, market would see sharp positive movement and would be considered bullish. EquityPandit also predicted that market would see positive movement towards its target of 10640 as long as 10500 holds for Nifty and exactly same happened. Indian Stock Market moved sharply positive as per EquityPandit’s prediction and finally, managed to close gap positive for the day.
Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market including Nifty, BankNifty and Sensex have entered into negative zone as already predicted by EquityPandit in last trading session. Now market would continue to see bullish momentum and every downtfall would be an opportunity for traders to go long in the market. Traders who went long as per EquityPandit’s advice in last few trading sessions could continue to hold long positions for higher profits.
FIIs were net sellers of Rs.1299.43 crores whereas DIIs were net buyers of Rs.1121.29 crores in cash market for last trading session. Nifty would see strong support at 10700-10675-10645-10592 whereas strong resistance would be seen 10803-10820-10860-10880 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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NSE Nifty: (10738) The support for the Nifty is 10700-10675-10645-10592 and the resistance to the up move is at 10803-10820-10860-10880 levels.
NSE BankNifty: (26644) The support for BankNifty is at 26500-26440-26365-26225 and the resistance to the up move is at 26840-26950-27005-27075 levels.
BSE Sensex: (35779) The support for the Sensex is at 35670-35628-35585-35540-35500 and the resistance to the up move is at 35970-36067-36180-36250 levels.
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