Continue Long Positions Until Nifty Holds 7800 levels

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Nifty would see strong resistance at 7888 whereas support would be seen at 7825 levels and exactly same happened. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7888 like a dot. Coincidently, BankNifty also saw highs right at EquityPandit’s predicted resistance levels of 16940 like a dot. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone but market is loosing momentum at higher levels and not able to sustain those levels. There would be some consolidation in this region but traders can hold long positions as of now until Nifty holds levels of 7800. FIIs were net sellers of Rs.112.03 crores whereas DIIs were net buyers of Rs.8.05 crores in last trading session. Nifty would see strong support at 7825-7775-7730-7715 whereas strong resistance would be seen at 7888-7926-7980 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: (7861) The support for the Nifty is 7825-7775-7730-7715 and the resistance to the up move is at 7888-7926-7980 levels.

NSE BankNifty: (16811) The support for BankNifty is at 16750-16650-16560-16514 and the resistance to the up move is at 16940-17015-17111 levels.

BSE Sensex: (25839) The support for the Sensex is at 25688-25540-25445-25365 and the resistance to the up move is at 25936-26016-26060-26185 levels.

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