Nifty And BankNifty In Positive Zone, Go Long At Every Dip

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that BankNifty is in Positive zone whereas Nifty is still in negative zone. EquityPandit also predicted that traders can go long if Nifty breaches 8824 levels. Market moved negative after opening and saw support right near EquityPandit’s predicted support levels of 8800 for Nifty, 20450 levels for BankNifty and 28400 levels for Sensex. Market rebounded from day lows and saw highs right at EquityPandit’s predicted resistance levels of 20714 for BankNifty and 28700 for Sensex like a dot. Traders, who followed EquityPandit’s support and resistance levels might have earned whopping profits for the day. 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 has entered into positive zone. Some profit booking can be seen due to F&O Expiry but every dip would be an opportunity for traders to go long in the market. Now, market is headed towards new 52 week highs. Traders should go long at every dip in the market until it holds 8770 levels for Nifty and 20456 levels for BankNifty.

FIIs were net sellers of Rs.433.38 crores whereas DIIs were net buyers of Rs.827.90 crores in cash market for last trading session. Nifty would see strong support at 8825-8800-8780-8750 whereas strong resistance would be seen at 8900-8925-8955-8970 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: (8879) The support for the Nifty is 8825-8800-8780-8750 and the resistance to the up move is at 8900-8925-8955-8970 levels.

NSE BankNifty: (20677) The support for BankNifty is at 20550-20450-20380-20215 and the resistance to the up move is at 20714-20800-20920 levels.

BSE Sensex: (28662) The support for the Sensex is at 28550-28400-28312-28240 and the resistance to the up move is at 28700-28780-28880-28950 levels.

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