Further Profit Booking To Be Seen But Go Long At Dips Until Nifty Holds Above 17818

Last Trading Session: Indian Stock Market opened flat as predicted by EquityPandit. EquityPandit predicted that Indian Stock Market would see profit booking but traders can go long at dips in the market and exactly the same happened. Indian Stock Market profit booking as predicted by EquityPandit but recovered sharply by the end of the day. Finally, the Indian Stock Market closed flat for the day.

Today: Indian Stock Market will open gap negative. Technically, Nifty is still in the positive zone whereas BankNifty is still in the negative zone. Nifty would be considered bullish until it holds above 17818 levels on a closing basis. BankNifty would enter into the positive zone only if it closes above 39989 and once that happens, the market would see a sharp positive rally. Market would see sharp profit booking but would be considered strong until Nifty holds above 17818 and traders should consider every downfall as an opportunity to go long in the market. Initiate fresh short only if Nifty closes below 17818 levels.

Check Now The List Of Stocks To Buy Today

Check Detailed Analysis of Nifty, Bank Nifty and Sensex For Today

Now Analyze Any Stock Yourself Just In a Few Minutes…

A Free but the Most Powerful Tool For Smarter Analysis of any stock. Analyze any stock at: StockFact – Top Stock Research, Screener And Analysis Tool

Nifty:

Bank Nifty:

FIIs were net sellers of Rs.2445.25 crores whereas DIIs were net buyers of Rs.1417.63 crores in the cash market for the last trading session. Nifty would see strong support at 17952-17865-17815-17770 whereas strong resistance would be seen at 18140-18170-18270-18380 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (18044) The support for the Nifty is 17952-17865-17815-17770 and the resistance to the up move is at 18140-18170-18270-18380 levels.

NSE BankNifty: (39368) The support for Bank Nifty is 39315-39180-39035-38940 and the resistance to the up move is 39525-39654-39740-39852 levels.

BSE Sensex: (60433) The support for the Sensex is 60365-60240-60110-59940-59815 and the resistance to the up move is 60660-60770-60888-61075 levels.

Premium Subscription Pricing details can be seen at Stock Market Premium Services