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

Last Trading Session: Indian Stock Market opened gap positive for the day. EquityPandit predicted that traders can go long above 17378 levels for Nifty and exactly the same happened. Indian Stock Market managed to breach the levels and moved sharply positive for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market will open positive. Technically, the Indian Stock Market has entered into a positive zone. Market may see some profit booking after a sharp positive rally of two consecutive sessions but traders should go long at dips as the market is bullish as of now. Trade is to go long at dips and hold long positions for now.

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Nifty:

Bank Nifty:

FIIs were net sellers of Rs.579.27 crores whereas DIIs were net buyers of Rs.1735.50 crores in the cash market for the last trading session. Nifty would see strong support at 17380-17325-17285-17240 whereas strong resistance would be seen at 17515-17570-17616-17670 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (17470) The support for the Nifty is 17380-17325-17285-17240 and the resistance to the up move is at 17515-17570-17616-17670 levels.

NSE BankNifty: (37285) The support for Bank Nifty is 37025-36865-36715-36608 and the resistance to the up move is 37380-37515-37660-37770 levels.

BSE Sensex: (58650) The support for the Sensex is 58515-58308-58110-58035 and the resistance to the up move is 58740-58880-58952-59075 levels.

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