Market Still In Positive Momentum, Hold Long Positions For Now

Last Trading Session: Indian Stock Market opened positive as predicted by EquityPandit. EquityPandit predicted that Indian Stock Market would see positive rally for the day and traders can 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 25202 like a dot. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is in positive zone. Market is in positive momentum for now. BankNifty is forming a DOUBLE BOTTOM chart pattern that suggest bullish sentiments. Nifty also ready to breach the trendline resistance that would force market to see levels of 10440 for Nifty. Overall, sentiments are positive as of now and traders can continue to hold long positions for now.

Nifty: Ready To Breach Trendline Resistance

BankNifty: Forming Double Bottom Pattern

FIIs were net sellers of Rs.193.65 crores whereas DIIs were net buyers of Rs.1124.92 crores in cash market for last trading session. Nifty would see strong support at 10340-10260-10140-10065 whereas strong resistance would be seen 10451-10500-10618 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

Important Quarterly Results To Be Declared Today: Aarti Industries, Arvind Ltd, Bajaj Electricals, Berger Paints, Cera Sanitaryware, DLF, eClerx Services, Firstsource Solutions, GlaxoSmithkline, Godrej Properties, Greaves Cotton, Grinwell Norton, Gujarat Narmada Valley Fertilizers, HCC, HPCL, HDFC, Marico, Parag Milk, Somay Ceramics, SRF, Tata Communications, Thomas Cook, Trent, Triveni Turbine, Welspun Corp Ltd.

Stocks In F&O Ban Period: NIL.

NSE Nifty: (10387) The support for the Nifty is 10340-10260-10140-10065 and the resistance to the up move is at 10451-10500-10560-10618 levels.

NSE BankNifty: (25153) The support for BankNifty is 25070-24960-24918-24830-24772 and the resistance to the up move is at 25202-25265-25356-25480-25528 levels.

BSE Sensex: (34442) The support for the Sensex is at 34228-34110-34070-33899 and the resistance to the up move is at 34500-34610-34666-34770-34850 levels.

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