BankNifty Entered Into Positive Zone, Go Long At Dips

Last Trading Session: Indian Stock Market opened positive exactly as predicted by EquityPandit. EquityPandit predicted that market would see short covering rally (Positive Rally) and traders should go long with strict stoploss of 10300 for Nifty on closing basis and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 10500 like a dot. BankNifty also saw highs near EquityPandit’s predicted resistance levels of 25340 levels. 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 positive. Technically, BankNifty has entered into positive zone but Nifty is still in negative zone and would enter into positive zone once it closes above 10493 on closing basis. Overall, market is in control of bulls and traders can continue to hold long positions or go long at dips at this point of time. Once Nifty closes above 10493, market would see sharp positive rally in days to come.

FIIs were net sellers of Rs.486.32 crores whereas DIIs were net buyers of Rs.1514.03 crores in cash market for last trading session. Nifty would see strong support at 10400-10300 whereas strong resistance would be seen 10500-10560-10618-10700 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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Stocks In F&O Ban Period: FORTIS and JPASSOCIAT.

NSE Nifty: (10491) The support for the Nifty is 10400-10300 and the resistance to the up move is at 10500-10560-10618-10700 levels.

NSE BankNifty: (25303) The support for BankNifty is at 25170-25019-24945-24778 and the resistance to the up move is at 25380-25515-25670 levels.

BSE Sensex: (34142) The support for the Sensex is at 34067-34000-33850-34700-34650 and the resistance to the up move is at 34300-34351-34475-34535 levels.

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