Market Would Continue To Make New Record Highs, Hold Long Positions

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market is in positive zone and traders can go long at every dip in the market. EquityPandit also suggested traders to hold long positions as Next target for BankNifty is 22000 and exactly same happened. Nifty and BankNifty made new record highs. 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 flat to positive. Technically, Indian Stock Market is still in positive trend. Indian Stock Market would continue to make new record highs with target of 9350-9410 for Nifty and 22240-22380 levels for BankNifty. Traders can continue to hold long positions and every downfall would be an opportunity for traders to go long in the market. Global Market is looking for US president Donald Trump’s Tax reforms, today. Overall, global Stock Market is in positive momentum and traders can ride the rally. Reversal would be seen only if Nifty closes below 9204 levels. Now, previous resistance of 9270 for Nifty would act as strong support to the market hence traders can go long without any fear until 9270 holds for Nifty on closing basis.

FIIs were net buyers of Rs.178.82 crores whereas DIIs were net buyers of Rs.998.26 crores in cash market for last trading session. Nifty would see strong support at 9270-9250-9218-9204 whereas strong resistance would be seen at 9328-9350-9380-9415 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 Corporate Results Today: GIC Housing Finance, KPIT Technologies, Lakshmi Villas Bank, Sterlite Technologies and Tata Sponge.

NSE Nifty: (9307) The support for the Nifty is 9270-9250-9218-9204 and the resistance to the up move is at 9328-9350-9380-9415 levels.

NSE BankNifty: (22055) The support for BankNifty is at 21940-21900-21800-21733 and the resistance to the up move is at 22140-22210-22274-22380 levels.

BSE Sensex: (29943) The support for the Sensex is at 29600-29480-29350 and the resistance to the up move is at 30008-30065-30145-30270-30342 levels.

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