Market To See Profit Booking But Traders Can Go Long At Dips Until 14917 Holds For Nifty

Last Trading Session: Indian Stock Market opened gap positive as predicted by EquityPandit. EquityPandit predicted bullish momentum will continue and traders can continue to hold long positions in the market. EquityPandit also predicted that BankNifty’s next target would be 34000-34200 and exactly the same happened. Indian Stock Market moved sharply and achieved EquityPandit’s predicted targets for BankNifty. Market saw highs right at EquityPandit’s predicted resistance levels of 15140 for Nifty and 50315 for Sensex like a dot. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market will open negative. Technically, Nifty and BankNifty are still in the positive zone. Market would see some profit booking today but would be considered strong until it holds above 14917 for Nifty and 33308 for BankNifty. Overall, the market is strong for now and traders can go long at dips or hold long positions in the market. Levels of 15000 will act as a immediate psychological support for Nifty on closing basis. If Nifty manages to confirm Ascending Triangle Pattern by closing above 15160 for couple of days then we will see new highs in the market.

Check Detailed Analysis of Nifty, BankNifty and Sensex For Today

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Nifty:

Bank Nifty:

Check the Trend Of Major Indices and Stocks

FIIs were net buyers of Rs.618.49 crores whereas DIIs were net buyers of Rs.449.52 crores in the cash market for the last trading session. Nifty would see strong support at 15035-14945-14865-14815 whereas strong resistance would be seen at 15160-15257-15340-15440 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (15108) The support for the Nifty is 15035-14945-14865-14815 and the resistance to the up move is at 15160-15257-15340-15440 levels.

NSE BankNifty: (33922) The support for Bank Nifty is 33740-33660-34500-34340 and the resistance to the up move is 34140-34380-34540-34660 levels.

BSE Sensex: (50193) The support for the Sensex is 50075-49865-49715-49600 and the resistance to the up move is at 50315-50537-50680-50825 levels.

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