Market Near Its Short Term Targets, Book Partial Profits And Hold Remaining Until 15495 For Nifty

Last Trading Session: Indian Stock Market opened positive as predicted. EquityPandit predicted that Indian Stock Market is strong until it holds above 15434 and traders can continue to hold long positions in the market and exactly the same happened. Indian Stock Market moved sharply positive and saw strong resistance near EquityPandit’s predicted resistance levels of 15715 for Nifty. 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, Indian Stock Market is still in a positive zone. Market will enter into the negative zone only if it closes below 15495 for Nifty and 34970 for BankNifty. Market is near its final target and profit booking can’t be ruled out at any point of time. EquityPandit suggested 14849 levels for Nifty and 32961 levels for BankNifty On May 17, 2021 generating around 850 points for Nifty and 2700 points for BankNifty. Now traders can consider partial profit booking to lock the profits and hold remaining until Nifty holds above reversal levels on a closing basis.

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 buyers of Rs.1079.20 crores whereas DIIs were net sellers of Rs.278.97 crores in the cash market for the last trading session. Nifty would see strong support at 15608-15565-15515-15445 whereas strong resistance would be seen at 15715-15770-15808-15885 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (15690) The support for the Nifty is 15608-15565-15515-15445 and the resistance to the up move is at 15715-15770-15808-15885 levels.

NSE BankNifty: (35649) The support for BankNifty is 35440-35365-35240-35110 and the resistance to the up move is 35770-35888-36035-36170 levels.

BSE Sensex: (52232) The support for the Sensex is 52035-51945-51865-51770 and the resistance to the up move is at 52380-52540-52660-52740 levels.

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