Hold Long Positions And Wait For BankNifty Futures To Breach 20000 Levels

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that Indian Stock Market has entered into bullish trend and traders should go long at every dip in the market and exactly same happened. EquityPandit’s target of 19800 for BankNifty and 8800 for Nifty already achieved. Traders, who followed EquityPandit’s advice might have earned whopping returns. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive trend and traders should hold long positions as of now. BankNifty futures are experiencing strong resistance at 20000 levels. Once it breaches those levels, we would see further positive movement in banking sector. Market is currently in positive momentum and we could see further positive rallies in days to come.
FIIs were net buyers of Rs.231.19 crores whereas DIIs were net buyers of Rs.134.88 crores in cash market for last trading session. Nifty would see strong support at 8765-8700-8660 whereas strong resistance would be seen at 8880-8925-9000 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

Important Q1 Results To Be Disclosed Today: Chennai Petroleum, HMT, Jindal Poly Films and Oil India Ltd.

NSE Nifty: (8810) The support for the Nifty is 8765-8700-8660 and the resistance to the up move is at 8880-8925-9000 levels.

NSE BankNifty: (19883) The support for BankNifty is at 19750-19660-19500 and the resistance to the up move is at 19965-20065-20168-20380.levels.

BSE Sensex: (28532) The support for the Sensex is at 28420-28340-28230-28120 and the resistance to the up move is at 28660-28720-28825-28950 levels.

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