Nifty To See Profit Booking Before Breaching 10800 But Traders Should Go Long At Dips

Last Trading Session: Indian Stock Market opened positive exactly as predicted by EquityPandit. EquityPandit predicted that market has entered into positive zone and traders can either hold long positions or go long at dips and exactly same happened. Indian Stock Market moved sharply positive as predicted. Nifty achieved EquityPandit’s target of 10735 and almost touched second target of 10780. BankNifty saw highs right at EquityPandit’s predicted resistance levels of 26380 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in positive zone but market would see some rest before breaching 10800 levels for Nifty. Indian Stock Market would see some profit booking due to global uncertainities over trade and Brexit. US Tech majors, Apple, Amazon and facebook see sharp fall and that would also affect Stock Market sentiments across the globe. Overall, market would see some downfall with consolidation but traders can go long at every downfall in the market until it holds above 10622 for Nifty and 25991 for BankNifty.

FIIs were net buyers of Rs.1103.36 crores whereas DIIs were net sellers of Rs.310.26 crores in cash market for last trading session. Nifty would see strong support at 10722-10700-10675-10645 whereas strong resistance would be seen 10803-10820-10860-10880 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: ADANIENT, ADANIPOWER, JETAIRWAYS and PCJEWELLER.

NSE Nifty: (10763) The support for the Nifty is 10722-10700-10675-10645 and the resistance to the up move is at 10803-10820-10860-10880 levels.

NSE BankNifty: (26301) The support for BankNifty is 26180-26100-26078-26000 and the resistance to the up move is at 26340-26380-26438-26518-26660 levels.

BSE Sensex: (35775) The support for the Sensex is at 35670-35628-35585-35540-35500 and the resistance to the up move is at 35818-35880-35970-36067 levels.

Note:  If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

Premium Subscription Pricing details can be seen at Stock Market Premium Services