Market Still In Positive Trend, Hold Long Positions, Infy Results Today
Last Trading Session: Indian Stock Market opened flat exactly as predicted by EquityPandit. EquityPandit predicted that market is still in positive zone and traders should continue to hold long positions or go long at dips. Market consolidated for the whole trading session and fell down to see lows right at EquityPandit’s predicted support levels of 10800 for Nifty and 36070 for Sensex like a dot. Finally, Indian Stock Market closed negative for the day. Sensex closed right above EquityPandit’s predicted support levels of 36100.
Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Traders can continue to hold long positions for now until Nifty holds above 10740. Overall market is positive for now and every dip would be an opportunity for traders to go long in the market. Fresh short positions should be initiated only if Nifty closes below 10719 levels and BankNifty closes below 27291 levels but until then hold long positions or go long at dips. IT Major Infosys would disclose its quarterly results today and would affect Indian Stock Market for the day.
FIIs were net sellers of Rs.344.58 crores whereas DIIs were net buyers of Rs.10.98 crores in cash market for last trading session. Nifty would see strong support at 10800-10749-10700-10675 whereas strong resistance would be seen 10880-10900-10922-10945 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: ADANIPOWER and JETAIRWAYS.
Important Results To Be Disclosed Today: Infosys and Karnataka Bank.
NSE Nifty: (10822) The support for the Nifty is 10800-10749-10700-10675 and the resistance to the up move is at 10880-10900-10922-10945 levels.
NSE BankNifty: (27529) The support for BankNifty is at 27450-27380-27172-27026 and the resistance to the up move is at 27661-27740-27780-27880 levels.
BSE Sensex: (36107) The support for the Sensex is at 36065-35950-35880-35774 and the resistance to the up move is at 36270-36380-36465-36540 levels.
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