Stock Market..

images (1)Indian Stock Market would open positive. Technically, Indian Stock Market is in positive trend and  would remain same. Mr. Urjit Patel has been appointed as new RBI Chief and this is positive news for the market as all the policies would remain intact as he was Deputy Chief of RBI and would work on the same policies. Market would see further positive movement and Next target for BankNifty would be 19500-20000 levels. Traders should hold long positions as of now. Now, traders should watch for Nifty resistance of 8750 levels. Once Nifty breaches those levels, we would see new highs in days to come. Overall market is positive and traders should hold long positions and add more on dips. Market near F&O expiry and we may see some consolidation at this point of time.
FIIs were net buyers of Rs.409.94 crores whereas DIIs were net sellers of Rs.106.19 crores in cash market for last trading session. Nifty would see strong support at 8630-8600-8550-8530 whereas strong resistance would be seen at 8707-8741-8775 levels.Support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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