Market Enters Positive Zone, Go Long At Dips And Accumulate Discounted Midcaps
Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty is still positive whereas BankNifty is in negative zone. EquityPandit also predicted that once BankNifty closes above 27132, market would see sharp positive rally and exactly same happened. Indian Stock Market opened flat and saw lows right at EquityPandit’s predicted support levels of 10820 for Nifty like a dot. Market recovered sharply from there and remain bullish throughout the day. Nifty saw highs right at EquityPandit’s predicted resistance levels of 11000 like a dot. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open flat. Technically, BankNifty has entered into positive zone and now Indian Stock Market as a whole is in positive zone. Market is bullish for now and every downfall would see buying interest. Traders can continue to hold long positions or else go long at dips for now. Smallcaps and Midcaps would see sharp rally in the month of March 2019. Investors can look for investing in small caps and midcaps that are available at deep discounts.
FIIs were net buyers of Rs.751.92 crores whereas DIIs were net buyers of Rs.580.86 crores in cash market for last trading session. Nifty would see strong support at 10900-10840-10800-10749 whereas strong resistance would be seen 11000-11025-11078-11110 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: RPOWER, WOCKPHARMA.
NSE Nifty: (10987) The support for the Nifty is 10900-10840-10800-10749 and the resistance to the up move is at 11000-11025-11078-11110 levels.
NSE BankNifty: (27554) The support for BankNifty is at 27500-27380-27172-27026 and the resistance to the up move is at 27661-27740-27780-27880-28000 levels.
BSE Sensex: (36443) The support for the Sensex is at 36320-36235-36100 and the resistance to the up move is at 36580-36625-36780-36880 levels.
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