Market Would Further Rally, Continue Long Until Nifty Holds Above 9266

Last Trading Session: Indian Stock Market opened flat. EquityPandit predicted that some profit booking would be seen but traders should go long at every dip in the market near EquityPandit’s predicted support levels and exactly same happened. Indian Stock Market moved negative and saw lows right near EquityPandit’s predicted support levels of 9367 for Nifty and saw a sharp reversal from there. Market saw highs right at EquityPandit’s predicted target levels of 9600 like a dot and traders might have earned good profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone and analysis would still remain same. Market is positive until it holds above 9266 levels for Nifty and 18347 for BankNifty. Traders can continue to hold long positions in the market until these levels hold on closing basis. Market has almost achieved EquityPandit’s target of 9600 and now it would head towards the next target of 9800 for Nifty and 19700 for BankNifty.

Nifty:

BankNifty:

Check the Trend Of Major Indices and Stocks

FIIs were net buyers of Rs.1460.71 crores whereas DIIs were net buyers of Rs.967.43 crores in the cash market for the last trading session. Nifty would see strong support at is 9450-9416-9367-9245 whereas strong resistance would be seen at 9600-9651-9730-9800 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.

Important Results To Be Disclosed Today: Orient Electric Ltd and V-Guard Industries Ltd.

NSE Nifty: (9490)  The support for the Nifty is 9450-9416-9367-9245 and the resistance to the up move is at 9600-9651-9730-9800 levels.

NSE BankNifty: (19297) The support for BankNifty is 19118-18940-18700-18504 and the resistance to the up move is 19516-19770-20000 levels.

BSE Sensex: (32424) The support for the Sensex is 32110-32025-31880-31630 and the resistance to the up move is at 32660-32890-33016-33270 levels.

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