Market In Positive Momentum, Hold Long Positions Or Buy At Dips

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that BankNifty is in positive zone and we would see short covering rally for the day. EquityPandit also suggested traders to go long in Nifty until it holds 9020 levels and exactly same happened. Indian Stock Market moved sharply positive for the day. 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 positive. Technically, BankNifty is already in positive zone and Nifty would also enter into positive zone once it closes above 9123. Indian Stock Market is in positive momentum and we may see further positive rally. We may see some huge volatility on the day ahead of F&O Expiry but market would be considered positive. Once Market manages to breach 9150 levels for Nifty and 21300 levels for BankNifty then we would see new record highs for the targets of 9300 for Nifty and 21500 for BankNifty. Traders should hold long positions as of now and should consider going long at dips.

FIIs were net buyers of Rs.6415.38 crores whereas DIIs were net buyers of Rs.356.23 crores in cash market for last trading session. Nifty would see strong support at 9080-9045-9020-8997 whereas strong resistance would be seen at 9130-9150-9180-9220 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: (9101) The support for the Nifty is 9080-9045-9020-8997 and the resistance to the up move is at 9130-9150-9180-9220 levels.

NSE BankNifty: (21225) The support for BankNifty is at 21150-21060-20930-20845 and the resistance to the up move is at 21285-21336-21500-21660 levels.

BSE Sensex: (29410) The support for the Sensex is at 29300-29200-29145-29060 and the resistance to the up move is at 29485-29585-29660 levels.

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