Market To Consolidate, Go Short At Positive Rally Until Nifty Holds Below 14952

Last Trading Session: Indian Stock Market opened positive for the day as predicted. EquityPandit predicted that the market would see further positive movement but would be considered bearish until Nifty below 15020 and traders can go short at every positive movement and exactly the same happened. Indian Stock Market moved sharply positive but was not able to hold higher levels and fell down sharply. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat for the day while BankNifty closed negative for the day.

Market Today: Indian Stock Market would open positive. Indian Stock Market is still in a negative zone. Market would enter into the positive zone only if it closes above 14952 for Nifty and 36150 levels for BankNifty. Market would consolidate for now but traders should initiate long positions only if the market closes above 14952 for Nifty and 36150 levels for BankNifty and until then traders can continue to go short at positive rally. Market would see further downfall in days to come if levels of 14635 for Nifty breaches on downside. Overall market would consolidate and would be considered bearish until Nifty holds below 14952 levels.

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Nifty:

Bank Nifty:

Check the Trend Of Major Indices and Stocks

FIIs were net sellers of Rs.1569.04 crores whereas DIIs were net buyers of Rs.216.67 crores in the cash market for the last trading session. Nifty would see strong support at 14645-14616-14540-14470-14365 whereas strong resistance would be seen at 14770-14818-14880-14945 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.

NSE Nifty: (14707) The support for the Nifty is 14645-14616-14540-14470-14365 and the resistance to the up move is at 14770-14818-14880-14945.

NSE BankNifty: (35117) The support for BankNifty is 34945-34865-34770-34700 and the resistance to the up move is 35340-35440-35606-35715-35808.

BSE Sensex: (49751) The support for the Sensex today is 49615-49508-49380-49240 and the resistance to the up move is at 49880-50035-50140-50270-50440 levels.

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