Market Enters Into Positive Zone, Go Long At Every Dip In The Market

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that some bounce back would be seen and market would enter into positive zone if it closes above 10577 for Nifty and 26087 for BankNifty and exactly same happened. Market breached EquityPandit’s predicted reversal levels and moved sharply positive. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market has entered into positive zone. Now, traders can initiate fresh long positions at every dip in the market. Though market would consolidate but overall, it is in positive trend and can extend upto 10680-10733 levels for Nifty in upcoming days. Traders can add long positions at every dip in the market. Some profit booking can be seen after two days rally but every downfall in the market would be an opportunity for traders to go long.

FIIs were net sellers of Rs.768.29 crores whereas DIIs were net buyers of Rs.887.76 crores in cash market for last trading session. Nifty would see strong support at 10550-10500-10476-10439 whereas strong resistance would be seen 10632-10680-10705-10780 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

Stocks In F&O Ban Period: BEML, DHFL, IDBI, JETAIRWAYS, JISLJALEQS, JUSTDIAL and RCOM.

Important Companies To Disclose Its Q4 Results Today: City Union Bank, Cummins India, GAIL, Glaxosmithkline Pharma, Granules India, Gujarat Alkalies, Heidelberg Cement, Heritage Foods, Kaveri Seed Company, MOIL, NCC, Pidilite Industries, Somany Ceramics, Sudarshan Chemical Industries, Time Technoplast, United Breweries and V-Mart Retail.

NSE Nifty: (10605) The support for the Nifty is 10550-10500-10476-10439 and the resistance to the up move is at 10632-10680-10705-10780 levels.

NSE BankNifty: (26274) The support for BankNifty is at 26180-26100-26078-26000 and the resistance to the up move is at 26325-26380-26450-26518-26660 levels.

BSE Sensex: (34925) The support for the Sensex is at 34820-34740-34610 and the resistance to the up move is at 34980-35075-35185-35303 levels.

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