Nifty and Bank Nifty, both in positive zone, continue long positions in the market for now

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Nifty has already entered into positive zone and now further positive movement can be seen. EquityPandit also predicted that BankNifty would enter into positive zone if it breaches levels of 16535 where traders can go long in the market and exactly same happened. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day just below EquityPandit’s predicted resistance levels.

Today: Indian Stock Market would open positive for the day. Nifty and BankNifty, both have entered into positive zone. Traders should go long at this point of time. US FED hiked rate by 25 bps for the first time since 2006 and it would give a positive jerk to the Indian Market but overall FIIs would see further outflows from Indian Market. Overall Market would consolidate in broad range but traders should hold long positions as of now. FIIs were net sellers of Rs.503.22 crores whereas DIIs were net buyers of Rs.1024.03 crores in last trading session. Nifty would see strong support at 7715-7680-7625-7600 whereas strong resistance would be seen at 7770-7825-7864-7880 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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NSE Nifty: (7751) The support for the Nifty is 7715-7680-7625-7600 and the resistance to the up move is at 7770-7825-7864-7880 levels.

NSE BankNifty: (16579) The support for BankNifty is at 16514-16380-16255-16060 and the resistance to the up move is at 16640-16700-16780-16940 levels.

BSE Sensex: (25494) The support for the Sensex is at 25365-25288-25150-25060 and the resistance to the up move is at 25540-25660-25750-25885 levels.

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