Positive Momentum To Continue Until Nifty Holds Above 12991, Go Long At Dips

Last Trading Session: Indian Stock Market opened positive as predicted. EquityPandit predicted that the market is still bullish until 12873 holds and traders can go long at every dip in the market. Indian Stock Market moved sharply and remained positive throughout the day. BankNifty saw highs right at EquityPandit’s predicted resistance levels of 29815 like a dot. Finally, Indian Stock Market closed flat for the day.

Market Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in a positive zone and analysis would remain the same. Market would enter into a negative zone only if it closes below 12991 for Nifty and 29000 for BankNifty and until then every downfall would be an opportunity for traders to go long in the markets. Overall, traders can continue to hold long positions for now.

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.3637.42 crores whereas DIIs were net sellers of Rs.1439.74 crores in the cash market for the last trading session. Nifty would see strong support at 13110-13069-13000-12975 whereas strong resistance would be seen at 13150-13180-13230-13280 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.

NSE Nifty: (13134) The support for the Nifty is 13110-13069-13000-12975 and the resistance to the up move is at 13150-13180-13230-13280.

NSE BankNifty: (29449) The support for BankNifty is 29365-29240-29035-28945 and the resistance to the up move is 29660-29740-29815-29880-29955.

BSE Sensex: (44633) The support for the Sensex today is 44515-44365-44240-44075 and the resistance to the up move is at 44815-44880-45035-45110 levels.

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