Nifty Enters Positive Trend, Go Long At Dips With Stoploss Of 7893 Closing Levels

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that some bounce is expected in the market and exactly same happened. Indian Stock Market moved sharply positive and finally managed to close gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Nifty has entered into positive zone but BankNifty is still in negative zone for now. BankNifty would enter into positive zone once it closes above 17943 levels. Traders can go long at every dip in the market with strict stoploss below 7893 levels on closing basis. Traders should note that this positive rally is for very short term but for now traders can go long at every dip in the market until market again see reversal.

FIIs were net sellers of Rs.712.17 crores whereas DIIs were net buyers of Rs.1502.41 crores in cash market for last trading session. Nifty would see strong support at 7997-7970-7897-7800 whereas strong resistance would be seen at 8053-8079-8105-8154 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: (8033) The support for the Nifty is 7997-7970-7897-7800 and the resistance to the up move is at 8053-8079-8105-8154 levels.

NSE BankNifty: (17880) The support for BankNifty is at 17800-17740-17600-17470 and the resistance to the up move is at 18000-18052-18139-18220-18380 levels.

BSE Sensex: (26213) The support for the Sensex is at 26128-26060-25950-25840 and the resistance to the up move is at 26270-26471-26560-26687 levels.

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