Nifty predicted resistance levels of 7380 like a dot. Finally, Indian Stock Market closed gap positive for the day.
Today: Indian Stock Market would open gap positive for the day. Technically, Indian Stock Market is still in positive zone. Traders can continue long positions as of now until 7209 levels holds by closing. Now, next logical targets for Nifty is 7500-7700. Traders should add long positions at every dip in the market. We may continue to see sharp positive movement in days to come. FIIs were again net buyers of Rs.1437.5 crores whereas DIIs were net sellers of Rs.593.67 crores in last trading session. Nifty would see strong support at 7330-7308-7200-7120 whereas strong resistance would be seen at 7420-7475-7505-7620 levels. Support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7369) The support for the Nifty is 7330-7308-7200-7120 and the resistance to the up move is at 7420-7475-7505-7620 levels.
NSE BankNifty: (15092) The support for BankNifty is at 14920-14825-14700-14621 and the resistance to the up move is at 15200-15380-15520-15600 levels.
BSE Sensex: (24243) The support for the Sensex is at 24187-24060-23950-23840 and the resistance to the up move is at 24435-24495-24600-24660 levels.
