Profit Booking May be Seen But Go Long At Dips, Next Target For Nifty At 9600-9800

Last Trading Session: Indian Stock Market opened gap positive exactly as predicted by EquityPandit. EquityPandit predicted that market entered positive zone and now traders should go long at every dip in the market. Equitypandit also suggested that next target for Nifty is set to 9600-9800-10028 and exactly same happened. Indian Stock Market moved sharply positive and saw highs above 9500 for Nifty and 19455 for BankNifty. Traders who followed EquityPandit's advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day. BankNifty closed right at EquityPandit's predicted resistance levels of 19170 like a dot.

Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in positive zone and traders should continue to hold long positions in the market. Next target for Nifty is set to 9600-9800-10028 and 19500-19700-20000 for BankNifty. Market may ease and see some profit booking but traders should continue to hold long positions or go long at dips in the market. Market would continue to be bullish in days to come until it holds above 9212 for Nifty and 18347 for BankNifty.

Nifty:


BankNifty:


FIIs were net buyers of Rs.2354.14 crores whereas DIIs were net buyers of Rs.144.83 crores in the cash market for the last trading session. Nifty would see strong support at 9450-9416-9367-9245 whereas strong resistance would be seen at 9553-9600-9651-9730-9800 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: 3M India (NS:TMIN), Dilip Buildcon, Equitas Holdings, Jagran Prakashan (NS:JAGP), Jubilant Life Sciences, KEC International (NS:KECL), Lemon Tree Hotels, Metropolis Healthcare, NCC (NS:NCCL), Procter & Gamble health, , Rastriya Chemicals & Fertilizers, Shipping Corporation (NS:SCI) of India, Symphony, V-Mart Retail and Voltas (NS:VOLT).

NSE Nifty: (9490) The support for the Nifty is 9450-9416-9367-9245 and the resistance to the up move is at 9553-9600-9651-9730-9800 levels.

NSE BankNifty: (19170) The support for BankNifty is 19118-18940-18700-18504 and the resistance to the up move is 19380-19516-19770 levels.

BSE Sensex: (32201) The support for the Sensex is 32025-31880-31630-31490 and the resistance to the up move is at 32380-32508-32660-32890 levels.

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