Market In Positive Momentum, Hold Long Positions For Now

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is in positive trend and traders should go long at every dip in the market. EquityPandit also predicted that BankNifty is in strong positive momentum and would drive Nifty higher and same happened. Indian Stock Market moved positive. BankNifty was the major driver for Nifty and moved sharply positive. Sensex saw highs right near EquityPandit predicted resistance levels of 28294. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open positive. Technically, analysis would remain same and Indian STock Market is still in positive zone. Traders should hold long positions as of now. Now, next target for Nifty is 8800-8820 levels. Nifty may see strong support at 8700 levels and is headed towards 8900-9000 levels. BankNifty is still in positive momentum and traders can hold BankNifty for the targets of 20500 levels in days to come. Market would see reversal if it closes below 8640 for Nifty and 19827 for BankNifty, until then every downtrend is an opportunity for traders to go long in the market. Overall, Market is positive and all trades should be in positive direction. RBI Policy would be disclosed on Wednesday that would further direct the market.

FIIs were net buyers of Rs.353.84 crores whereas DIIs were net sellers of Rs.42.53 crores in cash market for last trading session. Nifty would see strong support at 8697-8675-8615-8600-8570 whereas strong resistance would be seen at 8775-8800-8830-8885 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: Aarti Industries, Abbott India, Gujarat Gas, GSPL, Honeywell Automation, Jubilant Foodworks, Marksans Pharma, Titagarh Wagons Ltd. and Tube Invesments.

NSE Nifty: (8741) The support for the Nifty is 8697-8675-8615-8600-8570 and the resistance to the up move is at 8775-8800-8830-8885 levels.

NSE BankNifty: (20197) The support for BankNifty is at 20000-19916-19835-19760 and the resistance to the up move is at 20270-20380-20576 levels.

BSE Sensex: (28241) The support for the Sensex is at 28110-28050-27950-27870-27736 and the resistance to the up move is at 28294-28340-28500-28698 levels.

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