Market In Positive Zone Despite Global Worries, Go Long At Every Dip In The Market

Last Trading Session: Indian Stock Market opened positive exactly as predicted by EquityPandit. EquityPandit predicted that Nifty has entered into positive zone and BankNifty would also follow once it breaches 28190. EquityPandit also predicted that traders can initiate fresh long positions and exactly same happened. Nifty moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 11185 like a dot. Finally, Indian Stock Market closed gap positive for the day. Sensex closed right at EquityPandit’s predicted resistance levels of 37585 like a dot.

Today: Indian Stock Market would open positive. Indian Stock Market including Nifty, BankNifty and Sensex are in positive zone. Market may see some profit booking but traders should go long at every dip in the market. BankNifty has also seen positive breakout from the trend channel. On the global front, Argentina’s currency crash, US-China trade war and Hong Kong protest would continue to embark negative sentiments among investors. In India, RIL would see sharp positive rally today on positive announcement in its AGM held yesterday, which would affect Indian Stock Market. Overall, market is bullish and every downfall would be an opportunity to go long in the market as of now.

Nifty:

BankNifty:

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FIIs were net buyers of Rs.203.73 crores whereas DIIs were net buyers of Rs.606.92 crores in cash market for last trading session. Nifty would see strong support at 11024-11000-10980-10947 whereas strong resistance would be seen 11139-11175-11200-11215 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Important Results To Be Disclosed Today: 3M India, Apollo Hospitals Enterprise, Ashoka Buildcon, Balmer Lawrie, Bharat Forge, Blue Star, Bosch, Coal India, Dishman Carbogen Amcis, Dr Lal Pathlabs, EIH, Essel Propack, Fine Organic Industries, GIC Housing Finance, Glenmark Pharmaceuticals, Godrej Industries, Gujarat Narmada Valley Fertilizers, Hindustan Aeronautics, Info Edge, Ipca Laboratories, J B Chemicals, Jai Corp, Manappuram Finance, National Aluminium, NMDC, ONGC, PFC, Rain Industires, Redington India, Reliance Infrastructure Ltd, Rites, Sun Pharma, Tamil Nadu Newsprint, Time Technoplast, TVS Srichakra, Uflex, Vardhman Textiles and WABCO india.

Stocks In F&O Ban Period: NIL.

NSE Nifty: (11110) The support for the Nifty is 11024-11000-10980-10947 and the resistance to the up move is at 11139-11175-11200-11215 levels.

NSE BankNifty: (28432) The support for BankNifty is 28250-28170-28085-28000 and the resistance to the up move is at 28500-28600-28660-28740 levels.

BSE Sensex: (37582) The support for the Sensex is at 37365-37290-37230-37110 and the resistance to the up move is at 37660-37740-37880-37910 levels.

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