Some Correction Would Be Seen Before Further Positive Rally

Last Trading Session: Exactly as per EquityPandit’s prediction, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Market would continue to see positive movement and traders should hold long positions or go long at every dip in the market and exactly same happened. Sensex saw highs right at EquityPandit’s predicted resistance levels of 27385 like a dot. BankNifty also saw resistance near EquityPandit’s predicted resistance levels of 18139. Nifty and BankNifty achieved EquityPandit’s predicted targets of 8385 and 18130.Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in positive zone. Some consolidation would be seen at this point of time and index may see some minor correction as well before moving further positive. Overall Market would remain positive but some temporary correction may be seen which would be an opportunity for traders to go long.
FIIs were net buyers of Rs.182.28 crores whereas DIIs were net buyers of Rs.377.45 crores in cash market for last trading session. Nifty would see strong support at 8325-8300-8240-8200 whereas strong resistance would be seen at 8385-8400-8450-8500 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: (8371) The support for the Nifty is 8325-8300-8240-8200 and the resistance to the up move is at 8385-8400-8450-8500 levels.

NSE BankNifty: (18098) The support for BankNifty is at 17950-17800-17740-17600 and the resistance to the up move is at 18139-18220-18380-18500 levels.

BSE Sensex: (27279) The support for the Sensex is at 27110-26950-26870-26720 and the resistance to the up move is at 27385-27450-27600 levels.

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