Market Still Bullish, Go Long At Every Dip Until 11400 Holds For Nifty
Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market is in positive zone. EquityPandit also predicted that market may see some downfall but traders should go long at every dip in the market and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 11585 like a dot. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market is in positive zone. Market would continue to see bullish momentum and positive rally would be seen in the market. Some profit booking can be seen but it would be temporary in nature and every dip would be considered as an opportunity to go long in the market. Next logical target for Nifty is set to 11750-11800 as long as 11400 holds for Nifty.
FIIs were net buyers of Rs.3594.51 crores whereas DIIs were net sellers of Rs.2080.22 crores in cash market for last trading session. Nifty would see strong support at 11498-11450-11408-11340 whereas strong resistance would be seen 11620-11700-11760-11800 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: (11570) The support for the Nifty is 11498-11450-11408-11340 and the resistance to the up move is at 11620-11700-11760-11800 levels.
NSE BankNifty: (30421) The support for BankNifty is at 30360-30274-30168-30083 and the resistance to the up move is at 30500-30660-30740-30800 levels.
BSE Sensex: (38546) The support for the Sensex is at 38445-38340-38265-38227-38100 and the resistance to the up move is at 38660-38700-38747-38800 levels.
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