Market Enters Positive Zone, Go Long At Every Dip In The Market

Last Trading Session: Indian Stock Market opened gap positive as predicted by EquityPandit. EquityPandit predicted that the Indian Stock Market would see a short covering rally and traders can close all short positions and initiate fresh long positions if market breaches 17613 for Nifty and 37492 levels for BankNifty. Indian Stock Market saw a sharp positive rally and finally, managed to close the gap positive for the day.

Today: Indian Stock Market will open flat. Technically, the Indian Stock Market has entered into a positive zone. Market would now be considered bullish until it holds above 17563 for Nifty and 36900 for BankNifty. Traders should go long at every dip in the market. Market will continue to see new record highs until it holds above EquityPandit’s predicted reversal levels.

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Nifty:

Bank Nifty:

FIIs were net buyers of Rs.357.93 crores whereas DIIs were net buyers of Rs.1173.09 crores in the cash market for the last trading session. Nifty would see strong support at 17770-17715-17660-17608 whereas strong resistance would be seen at 17880-17940-18005-17075 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (17823) The support for the Nifty is 17770-17715-17660-17608 and the resistance to the up move is at 17880-17940-18005-17075 levels.

NSE BankNifty: (37771) The support for Bank Nifty is 37615-37505-37365-37240 and the resistance to the up move is 37888-38035-38140-38270 levels.

BSE Sensex: (59885) The support for the Sensex is 59715-59608-59500-59380 and the resistance to the up move is at 60075-60170-60340-60505 levels.

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