Market Still In Positive Zone, Initiate Short Only If Nifty Closes Below 14917

Last Trading Session: Indian Stock Market negative as predicted by EquityPandit. EquityPandit predicted that Indian Stock Market will see profit booking and exactly the same happened. Indian Stock Market moved sharply negative. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market will open flat. Technically, Indian Stock Market is still in a positive zone. Market would enter into the negative zone only if it closes below 14917 for Nifty and 33308 for BankNifty. Traders can hold long positions until the market manages to hold these reversal levels. Traders should initiate fresh short positions only if the market closes below these levels.

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 sellers of Rs.697.75 crores whereas DIIs were net sellers of Rs.852.52 crores in the cash market for the last trading session. Nifty would see strong support at 15000-14945-14865-14815 whereas strong resistance would be seen at 15085-15160-15257-15340 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (15030) The support for the Nifty is 15000-14945-14865-14815 and the resistance to the up move is at 15085-15160-15257-15340 levels.

NSE BankNifty: (33685) The support for BankNifty is 33608-33500-33340-33270 and the resistance to the up move is 33880-33960-34140-34380 levels.

BSE Sensex: (49903) The support for the Sensex is 49865-49715-49600-49440 and the resistance to the up move is at 50075-50240-50315-50537 levels.

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