Market Still Bullish, Traders Can Continue To Hold Long Positions In The Market

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Indian Stock Market is bullish for now and traders can go long at every dip in the market and exactly the same happened. Indian Stock Market moved sharply positive and saw highs near EquityPandit’s predicted resistance levels of 14880 for Nifty. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed the gap positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in the positive zone. Any dip would be an opportunity for traders to go long in the market. Market would be considered bullish until it holds above 14545 for Nifty and 32394 for BankNifty and traders can continue to hold long positions in the market. Next logical target for Nifty is at 15000 which is the psychological resistance levels. If Nifty manages to breach levels of 15000 on closing basis then it would see new highs in no time.

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.766.02 crores whereas DIIs were net buyers of Rs.436.20 crores in the cash market for the last trading session. Nifty would see strong support at 14815-14740-14707-14608 whereas strong resistance would be seen at 14945-15035-15080-15145 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (14865) The support for the Nifty is 14815-14740-14707-14608  and the resistance to the up move is at 14945-15035-15080-15145 levels.

NSE BankNifty: (33723) The support for BankNifty is 33580-33515-33365-33240 and the resistance to the up move is  34075-34170-34315-34506 levels.

BSE Sensex: (49734) The support for the Sensex is 49615-49508-49380-49240 and the resistance to the up move is at 50035-50140-50270-50440  levels.

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