Market Still Bullish, Traders Should Continue Long Positions Until Nifty Holds Above 16901

Last Trading Session: Indian Stock Market opened gap positive as predicted by EquityPandit. EquityPandit predicted that Indian Stock Market will open gap positive and traders should continue to hold long positions in the market and exactly the same happened. 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 gap positive. Technically, the Indian Stock Market is still in the positive zone and analysis will remain the same. Traders should continue to hold long positions in the market until it holds above 16901 levels for Nifty and 35400 levels for BankNifty. For excellent profits in Intraday, traders can follow Breakout and Breakdown signals at Unicorn Signals.  

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Nifty:

Bank Nifty:

FIIs were net buyers of Rs.2800.14 crores whereas DIIs were net sellers of 678.45 crores in the cash market for the last trading session. Nifty will see strong support at 17190-17100-17025 whereas strong resistance would be seen at 17365-17440-17532 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (17287) The support for the Nifty is 17190-17100-17025 and the resistance to the up move is at 17365-17440-17532 levels.

NSE BankNifty: (36429) The support for Bank Nifty is 36255-36080-35905-35815 and the resistance to the up move is 36660-36780-36957-37110 levels.

BSE Sensex: (57864) The support for the Sensex is 57550-57245-56970 and the resistance to the up move is 58135-58405-58715-58888 levels.

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