Signals, Powered By EquityPandit
Market Bullish And Would Soon See Record Highs, Go Long At Every Dip In The Market
Last Trading Session: Indian Stock Market opened positive exactly as predicted by EquityPandit. EquityPandit predicted that market would continue to see positive movement and suggested traders to go long if Nifty breaches 11991 and exactly same happened. Indian Stock Market moved sharply positive. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex, all have entered into positive zone. Now, traders can hold long positions in the market and every downfall would be an opportunity to go long in the market. Market would be considered bullish until it holds above 11950 levels for Nifty and 31484 levels for BankNifty. Market would soon head towards new record highs in upcoming days.
Nifty:
BankNifty:
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FIIs were net buyers of Rs.115.70 crores whereas DIIs were net buyers of Rs.384.92 crores in cash market for last trading session. Nifty would see strong support at 12035-12000-11940-11905 whereas strong resistance would be seen at 12105-12150-12188-12240 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (12087) The support for the Nifty is 12035-12000-11940-11905 and the resistance to the up move is at 12105-12150-12188-12240 levels.
NSE BankNifty: (32014) The support for BankNifty is 31865-31730-31600-31500 and the resistance to the up move is 32110-32240-32380-32470 levels.
BSE Sensex: (41010) The support for the Sensex is 40880-40780-40715-40660 and the resistance to the up move is at 41110-41180-41270-41380 levels.
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