Market Would See Sharp breakout Today, Next Target 7700 for Nifty

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market would see some correction but downfall is capped at this point of time and overall market is bullish. EquityPandit also suggested traders to go long at every dip in the market as sharp breakout can be seen anytime in the market and exactly same happened. Indian Stock Market fell down in early trade and saw strong support just near EquityPandit’s predicted support levels of 7400 for Nifty like a dot. Market recovered sharply from day lows and saw Intraday highs for the day. Traders, who followed EquityPandit’s advice to go long at dips might have earned whooping profits for the day. Finally, Indian Stock market closed gap positive for the day. Sensex also closed right at EquityPandit’s predicted resistance levels of 24680.

Today: Indian Stock Market would open gap positive for the day. Technically, Indian Stock Market is still in positive zone. Now, Next target for Nifty is 7620-7700 in upcoming days. BankNifty can see levels near 16000 in upcoming days. Some correction can be seen after gap positive opening but overall market would still remain positive. EquityPandit has always suggested to go long at dips in last couple of days and today traders would be rewarded with sharp breakout in the market. Market would continue to see sharp positive movement today. FIIs were again net buyers of Rs.625.58 crores whereas DIIs were net sellers of Rs.680.16 crores in last trading session. Nifty would see strong support at 7500-7465-7434-7400 whereas strong resistance would be seen at 7585-7620-7663-7700 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: (7499) The support for the Nifty is 7500-7465-7434-7400 and the resistance to the up move is at 7585-7620-7663-7700 levels.

NSE BankNifty: (15462) The support for BankNifty is at 15365-15200-15060-15000 and the resistance to the up move is at 15600-15680-15803-15956-16120 levels.

BSE Sensex: (24682) The support for the Sensex is at 24550-24488-24380-24200 and the resistance to the up move is at 24840-24915-24988-25060 levels.

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