Buy At Dips Until Nifty Holds 8862 Levels On Closing Basis

Last Trading Session: Indian Stock Market opened positive. EquityPandit predicted that market is still in positive zone and every downfall would be an opportunity for traders to go long in the market. EquityPandit suggested traders to continue to hold long positions in the market and exactly same happened. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 8955. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Today is F&O Expiry. Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. F&O Expiry volatility is not ruled out and we may see some sharp profit booking but traders can go long at every dip in the market until Nifty holds 8862 levels on closing basis. Once Nifty closes below 8862 levels then traders can close all long positions and initiate short positions in the market but until then every downfall would be an opportunity for traders to go long in the market. If Nifty spot holds 8862 levels and BankNifty spot holds 20626 levels then traders can rollover long positions in the market.

FIIs were net sellers of Rs.259.21 crores whereas DIIs were net buyers of Rs.917.97 crores in cash market for last trading session. Nifty would see strong support at 8900-8850-8815-8800 whereas strong resistance would be seen at 8955-8970-9005-9120 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

NSE Nifty: (8927) The support for the Nifty is 8900-8850-8815-8800 and the resistance to the up move is at 8955-8970-9005-9120 levels.

NSE BankNifty: (20868) The support for BankNifty is at 20725-20650-20550-20450 and the resistance to the up move is at 20920-21060-21240 levels.

BSE Sensex: (28865) The support for the Sensex is at 28675-28550-28400-28312 and the resistance to the up move is at 28880-28950-29080-29154 levels.

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