Indian Stock Market In Positive Momentum, Hold Long Positions

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit also predicted that Indian Stock Market is headed towards new highs and exactly same happened. Indian Stock Market moved sharply positive. 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 with positive bias. Technically, Indian Stock Market is still in positive zone. Traders can continue to hold long positions and could also go long at dips. Currently, ICICI Bank, Oriental Bank and Bank Of India are available at good valuation. Traders can go long in Banking sector stocks or BankNifty. Overall, market is in positive momentum and would continue to see new highs. Investors are also suggested to hold with their investments until Nifty holds 9073 levels on closing basis.

FIIs were net buyers of Rs.1360.10 crores whereas DIIs were net sellers of Rs.88.17 crores in cash market for last trading session. Nifty would see strong support at 9120-9097-9060-9020 whereas strong resistance would be seen at 9180-9200-9218 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

NSE Nifty: (9154) The support for the Nifty is 9120-9097-9060-9020 and the resistance to the up move is at 9180-9200-9218 levels.

NSE BankNifty: (21250) The support for BankNifty is at 21185-21055-20985-20900 and the resistance to the up move is at 21275-21380-21500-21720 levels.

BSE Sensex: (29586) The support for the Sensex is at 29480-29350-29240-29154 and the resistance to the up move is at 29660-29700-29880 levels.

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