Nifty To Open At Record Highs, Continue Long Until 10024 Holds

Last Trading Session: Indian Stock Market opened gap negative as predicted by EquityPandit. Indian Stock Market moved sharply negative but bulls gained strength and took Nifty to intraday highs. Nifty saw highs right at EquityPandit’s predicted resistance levels of 10115 like a dot. Sensex also saw highs right near EquityPandit’s predicted resistance levels of 32350 like a dot. Finally, Indian Stock Market eased from day highs and closed flat for the day.

Today: Indian Stock Market to open gap positive. Technically, Indian Stock Market is still in positive zone. Today, Nifty would see record highs. Traders can hold long positions until Nifty closes below 10024 levels. Next Target for Nifty is set to 10150-10200 levels. Every dip is an opportunity for traders to go long into the market. Once Nifty closes above 10138 levels, huge buying would infuse in the markets and we would soon see targets of 10150-10200levels for Nifty.

FIIs were net buyers of Rs.418.86 crores whereas DIIs were net buyers of Rs.125.55 crores in cash market for last trading session. Nifty would see strong support at 10050-10020-10000-9987 whereas strong resistance would be seen at 10115-10138-10150-10200 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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Stocks In F&O Ban Period: DHFL, HDIL, IBREALEST, JPASSOCIAT, JSWENERGY and WOCKPHARMA

NSE Nifty: (10085) The support for the Nifty is 10050-10020-10000-9987 and the resistance to the up move is at 10115-10138-10150-10200 levels.

NSE BankNifty: (24844) The support for BankNifty is at 24815-24737-24636-24500 and the resistance to the up move is at 24980-25032-25080-25180 levels.

BSE Sensex: (32273) The support for the Sensex is at 32130-32082-32038-31950 and the resistance to the up move is at 32350-32380-32450-32546 levels.

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