Continue To Hold Long Positions In The Market

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market is still in positive zone and every dip in the market would be an opportunity to go long in the market. EquityPandit also predicted that next target for Nifty would be 7700 and it got achieved. Indian Stock Market moved up sharply in last 2 hours of trading session. Traders, who followed EquityPandit’s advice to go long at every dip in the market might have earned huge profits for the day. EquityPandit continuously suggested traders to go long at dips for the targets of 7700 for Nifty and finally that got achieved. Finally, Indian Stock Market closed gap positive for the day as predicted by EquityPandit.

Today: Indian Stock Market would open flat for the day. Technically, Analysis would still remain same and Indian Stock Market is still in positive zone. Some correction would be seen but traders should continue to hold long positions until Nifty holds 7600 levels. Next target for Nifty would be 7780-7875 levels. Overall market is in positive momentum and has seen a technical breakout, so traders should continue to hold long positions. FIIs were again net buyers of whooping Rs.1396.33 crores whereas DIIs were net sellers of Rs.618.77 crores in last trading session. Nifty would see strong support at 7650-7600-7564-7500 whereas strong resistance would be seen at 7776-7855-7888-7955 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

NSE Nifty: (7704) The support for the Nifty is 7650-7600-7564-7500 and the resistance to the up move is at 7776-7855-7888-7955 levels.

NSE BankNifty: (15926) The support for BankNifty is at 15835-15735-15500 and the resistance to the up move is at 16020-16080-16156-16200 levels.

BSE Sensex: (24285) The support for the Sensex is at 25110-25012-24950-24834 and the resistance to the up move is at 25342-25572-25660-25831 levels.

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