Market Enters Into Positive Zone Again, Go Long At Dips

Last Trading Session: Indian Stock Market opened gap positive for the day. The Indian Stock Market moved sharply positive and finally managed to close the gap positive for the day.

Today: Indian Stock Market will open positive. Technically, the Indian Stock Market including Nifty, BankNifty and Sensex have entered into a positive zone. Traders can continue to go long in the market at every downfall. Globally, markets are recovering sharply as Russia-Ukraine tensions are cooling. Overall market looks bullish and traders should continue to go long at dips.

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Nifty:

Bank Nifty:

FIIs were net sellers of Rs.2298.76 crores whereas DIIs were net sellers of 2298.76 crores in the cash market for the last trading session. Nifty would see strong support at 17270-17215-17140-17075 whereas strong resistance would be seen at 17440-17515-17570-17660 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (17352) The support for the Nifty is 17270-17215-17140-17075 and the resistance to the up move is at 17440-17515-17570-17660 levels.

NSE BankNifty: (38170) The support for Bank Nifty is 38025-37885-37715-37540 and the resistance to the up move is 38385-38540-38660-38718-38880 levels.

BSE Sensex: (58142) The support for the Sensex is 57940-57815-57660-57508 and the resistance to the up move is 58385-58540-58660-58740 levels.

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