Market Still In Positive Trend, Continue Long Positions

Last Trading Session: Exactly as predicted by EquityPandit, Nifty opened gap positive for the day. EquityPandit predicted that market is still in positive zone and we would see further positive movement for now. EquityPandit also predicted that once Nifty breaches levels of 7850 the we would see further positive momentum and exactly same happened. Market moved sharply positive for the day and traders who followed EquityPandit’s advice to go long 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 and we would continue to see positive movement for now. Traders should continue to hold long positions as of now. Market would remain close on Friday on the festival of Christmas. The only trade for now is to go long in the market. For the third consecutive day, FIIs and DIIs, both were buyers in Indian Stock Market. FIIs were net buyers of Rs.385.82 crores whereas DIIs were net buyers of Rs.632.64 crores in last trading session. Nifty would see strong support at 7825-7775-7730-7715 whereas strong resistance would be seen at 7888-7926-7980 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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NSE Nifty: (7866) The support for the Nifty is 7825-7775-7730-7715 and the resistance to the up move is at 7888-7926-7980 levels.

NSE BankNifty: (16882) The support for BankNifty is at 16800-16650-16560-16514 and the resistance to the up move is at 16940-17015-17111 levels.

BSE Sensex: (25850) The support for the Sensex is at 25688-25540-25445-25365 and the resistance to the up move is at 25936-26016-26060-26185 levels.

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