Market To Consolidate, Initiate Long Only If Market Closes Above 14551 For Nifty

Last Trading Session: Indian Stock Market opened negative as predicted by EquityPandit. EquityPandit predicted that the market would be considered bearish until Nifty held below 14551 levels on closing basis. Indian Stock Market moved sharply positive after a gap negative opening and saw resistance near EquityPandit’s predicted resistance levels of 14440. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in a negative zone. Market would enter into a positive zone only if it closes above 14551 for Nifty and 32219 for BankNifty. Once the market closes above these levels then traders can initiate fresh long positions but until then traders can wait for the market to confirm the positive trend.

Check Detailed Analysis of Nifty, BankNifty 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.909.56 crores whereas DIIs were net buyers of Rs.849.98 crores in the cash market for the last trading session. Nifty would see strong support at 14340-14215-14110-14025 whereas strong resistance would be seen at 14440-14506-14585-14660 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (14406) The support for the Nifty is 14340-14215-14110-14025 and the resistance to the up move is at 14440-14506-14585-14660 levels.

NSE BankNifty: (31783) The support for BankNifty is 31600-31440-31365-31240 and the resistance to the up move is 31965-32075-32215-32340-32515 levels.

BSE Sensex: (48081) The support for the Sensex is 47954-47865-47715-47540 and the resistance to the up move is at 48270-48380-48515-48608  levels.

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