Continue Long As Market Still Positive, TCS Results Today

Last Trading Session: Indian Stock Market opened gap positive exactly as predicted by EquityPandit. EquityPandit predicted that market is still in positive momentum and traders can continue to hold long positions in the market. EquityPandit also predicted that next logical target is set to 10870 for Nifty and 27720 for BankNifty and exactly same happened. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance. Nifty made highs right at EquityPandit’s predicted targets of 10870 like a dot. BankNifty also closed at EquityPandit’s predicted targets of 27720 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 flat. Technically, Nifty and BankNifty, both are in positive zone. Traders should continue to hold long positions in the market for now. Indian Stock Market would see further positive movement and next logical target for Nifty is 10910-10980 and for BankNifty is 27870-27990 until Nifty holds above 10735. Every dip in the market would be an opportunity to go long for now. IT Major TCS would disclose its results today and would affect Indian Stock Market for the day.

FIIs were net buyers of Rs.276.14 crores whereas DIIs were net buyers of Rs.439.67 crores in cash market for last trading session. Nifty would see strong support at 10840-10800-10749-10700 whereas strong resistance would be seen 10922-10945-11000-11037 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: Bandhan Bank and TCS.

NSE Nifty: (10855) The support for the Nifty is 10840-10800-10749-10700 and the resistance to the up move is at 10922-10945-11000-11037 levels.

NSE BankNifty: (27720) The support for BankNifty is at 27635-27565-27450-27340 and the resistance to the up move is at 27780-278202-27880-28000 levels.

BSE Sensex: (36213) The support for the Sensex is at 36100-36065-35950-35774 and the resistance to the up move is at 36380-36465-36540-36600 levels.

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