Market Consolidating, Continue Long Positions Until Nifty Holds Above 15777

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Indian Stock Market is bullish and traders can go long at every dip in the market and exactly the same happened. Indian Stock Market moved sharply positive after a flat opening. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market will open flat. Technically, the analysis would remain the same. Indian Stock Market is still in a positive zone. Market would enter into the negative zone only if it closes below 15777 for Nifty and 35348 for BankNifty and until then traders should continue to hold long positions in the market. Initiate fresh short positions only if the market closes below these reversal levels.

Check Now The List Of Stocks To Buy Today

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.264.77 crores whereas DIIs were net buyers of Rs.439.41 crores in the cash market for the last trading session. Nifty would see strong support at 15865-15815-15770-15708 whereas strong resistance would be seen at 15970-16035-16075-16140 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (15924) The support for the Nifty is 15865-15815-15770-15708 and the resistance to the up move is at 15970-16035-16075-16140 levels.

NSE BankNifty: (35908) The support for Bank Nifty is 35740-35608-35515-35440 and the resistance to the up move is 36035-36170-36380-36508 levels.

BSE Sensex: (53159) The support for the Sensex is 53035-52880-52770-52608 and the resistance to the up move is at 52365-52508-52660-52770 levels.

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