Market Would See Further Positive Rally, Hold Long Positions In BankNifty

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias for the day. EquityPandit predicted that Market is in positive trend. EquityPandit also predicted that BankNifty would see breakout if it breaches levels of 19070 and exactly same happened. Market moved sharply positive and achieved EquityPandit’s predicted targets of 19300 for BankNifty. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed sharply positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is in positive trend. Market would see further positive movement and Next target for BankNifty would be 19500-20000 levels. Traders should hold long positions as of now. Now, traders should watch for Nifty resistance of 8750 levels. Once Nifty breaches those levels, we would see new highs in days to come. Overall market is positive and traders should hold long positions and add more on dips.
FIIs were net buyers of Rs.162.17 crores whereas DIIs were net sellers of Rs.14.42 crores in cash market for last trading session. Nifty would see strong support at 8600-8550-8530 whereas strong resistance would be seen at 8707-8741-8775 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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Important Results To Be Disclosed Today: Oberoi Realty and Sun TV Network.

NSE Nifty: (8624) The support for the Nifty is 8600-8550-8530 and the resistance to the up move is at 8665-8707-8741-8775 levels.

NSE BankNifty: (19353) The support for BankNifty is at 19080-19950-18825-18610 and the resistance to the up move is at 19430-19500-19800-20000 levels.

BSE Sensex: (28123) The support for the Sensex is at 27950-27870-27736 and the resistance to the up move is at 28180-28294-28340-28500 levels.

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