Market To See Some Profit Booking But Go Long At Dips For Now

Last Trading Session: Indian Stock Market gap positive as predicted by EquityPandit. EquityPandit predicted that Indian Stock Market would see a sharp short covering rally and BankNifty would be considered strong until it held above 33308 and exactly the same happened. Indian Stock Market moved sharply positive as predicted. 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, BankNifty was already in the positive zone whereas Nifty again entered into the positive. Market would see profit booking today but every downfall will be an opportunity for traders to go long in the market. Overall, the market is bullish and traders can go long at every dip 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.510.16 crores whereas DIIs were net buyers of Rs.649.10 crores in the cash market for the last trading session. Nifty would see strong support at 15100-15035-14977-14865 whereas strong resistance would be seen at 15210-15255-15280-15315-15380 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (15175) The support for the Nifty is 15100-15035-14977-14865 and the resistance to the up move is at 15210-15255-15280-15315-15380 levels.

NSE BankNifty: (34607) The support for BankNifty is 34365-34167-34025-33917 and the resistance to the up move is 34740-34888-35075-35215 levels.

BSE Sensex: (50540) The support for the Sensex is 50315-50170-50035-49880 and the resistance to the up move is at 50770-50890-51075-51240 levels.

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