Market Enters Positive Zone, Go Long At Dips Until Nifty Holds Above 10650
Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market would consolidate but if Nifty manages to close above 10768 levels then traders can take long positions home and exactly same happened. Indian Stock Market moved positive and saw highs right near EquityPandit’s predicted resistance levels of 10803 for Nifty and 35970 for Sensex. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open negative. Technically, Indian Stock Market including Nifty, Sensex and BankNifty have entered into positive zone. Some profit booking can be seen but now, market is positive and traders can go long at every dip in the market. Traders can hold long positions until market holds above 10650 for Nifty and 26775 for BankNifty.
FIIs were net buyers of Rs.55.48 crores whereas DIIs were net buyers of Rs.202.10 crores in cash market for last trading session. Nifty would see strong support at 10750-10700-10675-10645 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.
Click Here to Check the Trend Of Major Indices and Stocks
Stocks In F&O Ban Period: ADANIENT, ADANIPOWER, ALBK, IDBI, JETAIRWAYS, KSCL, PCJEWELLER, RELCAPITAL, RELINFRA and RPOWER.
NSE Nifty: (10790) The support for the Nifty is 10750-10700-10675-10645 and the resistance to the up move is at 10803-10820-10860-10880 levels.
NSE BankNifty: (27052) The support for BankNifty is at 26940-26830-26720-26600 and the resistance to the up move is at 27205-27300-27340-27430 levels.
BSE Sensex: (35898) The support for the Sensex is at 35830-35780-35670-35585 and the resistance to the up move is at 35970-36067-36120-36278 levels.
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