Market Still Bullish And Heading Towards Record Highs, Hold Long For Now

Last Trading Session: Indian Stock Market opened flat with positive bias exactly as predicted by Equitypandit. EquityPandit predicted that market is still in positive zone and traders should continue long positions until Nifty holds above 11905 and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 12083 like a dot. Traders who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Market closed gap positive for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in positive zone. Nifty and BankNifty would soon see new record highs. Overall, market is bullish and traders should continue to hold long positions in the market until it holds above 11905 for Nifty.

Nifty:

BankNifty:

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FIIs were net buyers of Rs.960.90 crores whereas DIIs were net sellers of Rs.213.66 crores in cash market for last trading session. Nifty would see strong support at 12000-11940-11880-11835 whereas strong resistance would be seen at 12105-12150-12188-12240 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (12074) The support for the Nifty is 12035-12000-11940-11905 and the resistance to the up move is at 12105-12150-12188-12240 levels.

NSE BankNifty: (31556) The support for BankNifty is 31500-31380-31340-31270 and the resistance to the up move is 31660-31750-31800-31940-32035 levels.

BSE Sensex: (40889) The support for the Sensex is 40780-40715-40660-40600-40540 and the resistance to the up move is at 40995-41035-41110-41240 levels.

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