Hold Long Positions In BankNifty, TCS Results Today

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market is in positive momentum and traders should hold long positions as of now. EquityPandit also predicted that BankNifty would achieve its target of 18500 and exactly same happened. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 8385 like a dot. Sensex also saw strong resistance right at EquityPandit’s predicted resistance levels of 27195. 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, Indian Stock Market is still in positive zone. Some profit booking can be seen but overall market is in positive momentum and traders should hold long positions as of now. BankNifty is the major mover of Indian Stock Market and would breach levels of 19000 soon. BankNifty would outperform other sectors and traders should continue to hold long positions in BankNifty and Nifty with strict stoploss of 8285 spot levels for Nifty and 18437 levels for BankNifty spot levels on closing basis. TCS would disclose its quarterly results today and would decide the direction of IT sector and Nifty for today.

FIIs were net sellers of Rs.627.30 crores whereas DIIs were net buyers of Rs.1116.15 crores in cash market for last trading session. Nifty would see strong support at 8325-8300-8240-8200 whereas strong resistance would be seen at 8400-8450-8500 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

Important Results To Be Disclosed Today: Bajaj Corp, Cyient, Hathway Cable and TCS.

NSE Nifty: (8381) The support for the Nifty is 8325-8300-8240-8200 and the resistance to the up move is at 8400-8450-8500 levels.

NSE BankNifty: (18830) The support for BankNifty is at 18734-18610-18533 and the resistance to the up move is at 19008-19110-19376-19440 levels.

BSE Sensex: (27141) The support for the Sensex is at 26950-26870-26720-26620 and the resistance to the up move is at 27240-27385-27450-27600 levels.

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