LiveProfit Booking To Be Seen But Traders Can go Long At Dips Until Nifty Holds Above 13047
Last Trading Session: Indian Stock Market opened positive as predicted. EquityPandit predicted that the positive momentum to continue until Nifty holds above 12991 for Nifty and 29000 for Bank Nifty and exactly the same happened. Nifty saw highs right at EquityPandit’s predicted resistance levels of 13280 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.
Market Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in a positive zone. Some correction would be seen while opening but market would see reversal and enter into negative zone only if it closes below 13047 for Nifty and 29168 for Bank Nifty and until then traders should continue to hold long positions in the market. Market would see profit booking but traders can still go long near supports until 13047 holds for Nifty.
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Nifty:
Bank Nifty:
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FIIs were net buyers of Rs.2969.59 crores whereas DIIs were net sellers of Rs.1971.60 crores in the cash market for the last trading session. Nifty would see strong support at 13195-13150-13110-13069 whereas strong resistance would be seen at 13280-13325-13380-13445 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.
NSE Nifty: (13259) The support for the Nifty is 13195-13150-13110-13069 and the resistance to the up move is at 13280-13325-13380-13445.
NSE BankNifty: (30052) The support for BankNifty is 29885-29800-29715-29600 and the resistance to the up move is 30240-30365-30516-30665.
BSE Sensex: (45080) The support for the Sensex today is 44815-44740-44665-44515 and the resistance to the up move is at 45270-45440-45540-45715 levels.
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