Some Sharp Correction To Be Seen But Go Long At Every Dip, Overall Market Bullish

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is in positive trend but would seen some consolidation before breaching 9000 mark. EquityPandit also predicted that traders should hold long positions and can add long at every dip in the market and exactly same happened. Indian Stock Market saw some consolidation and saw lows near EquityPandit’s support levels but managed to close at new 18 month highs.Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market managed to close positive for the day.

Today: Indian Stock Market would open negative. Technically, analysis would still remain same and Indian Stock Market is still in positive zone. Trade has to be on the positive side. Every dip in the market would be an opportunity for traders to go long. We may see further consolidation before Nifty breaches 9000 mark. Nifty would surely breach 9000 mark in day to come after some consolidation or correction but once it does so, we would see lifetime highs of 9119 breaching immediately and market would create new lifetime highs in that case. Traders should hold long positions and add more at every dip in the market.
FIIs were net buyers of Rs.111.41 crores whereas DIIs were net sellers of Rs.587.43 crores in cash market for last trading session. Nifty would see strong support at 8900-8848-8800-8765 whereas strong resistance would be seen at 8972-9008-9065-9120 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 Q1 Results To Be Disclosed Today: Coal India, Gujarat Gas, GSPL, Jaiprakash Associate, KSK Energy, Sobha Ltd., Timken India and Titagarh Wagons.

NSE Nifty: (8952) The support for the Nifty is 8900-8848-8800-8765 and the resistance to the up move is at 8972-9008-9065-9120 levels.

NSE BankNifty: (20417) The support for BankNifty is at 20340-20220-20060-19950 and the resistance to the up move is at 20542-20609-20720-20900levels.

BSE Sensex: (29045) The support for the Sensex is at 28825-28716-28650-28420 and the resistance to the up move is at 29070-29264-29408-29560 levels.

Note:  If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

Premium Subscription Pricing details can be seen at Stock Market Premium Services