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

Last Trading Session: Indian Stock Market opened positive for the day as predicted. EquityPandit predicted that the market would consolidate for the day and traders should initiate fresh long positions only above 14952 for Nifty and 36150 for BankNifty. NSE got shut down for around 4 hours from 11:40 AM to 3:30 PM and extended the trading hours from 3:45 PM to 5:00 PM. Market saw a sharp positive rally after opening again. We saw huge FIIs Inflow yesterday in cash segment. Finally, Indian Stock Market closed the gap positive for the day.

Market Today: Indian Stock Market would open positive. Indian Stock Market including Nifty, BankNifty and Sensex have entered into positive zone. Now traders and investors can hold long positions for now. Market may see some profit booking after yesterday’s rally but traders should go long at every dip in the market. Overall, the market trend is bullish now and we would see new record highs in days to come.

Check Detailed Analysis of Nifty, BankNifty and Sensex For Today

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Nifty:

Bank Nifty:

Check the Trend Of Major Indices and Stocks

FIIs were net buyers of Rs.28739.17 crores whereas DIIs were net buyers of Rs.230.44 crores in the cash market for the last trading session. Nifty would see strong support at 14880-14818-14770-14707 whereas strong resistance would be seen at 15035-15070-15140-15170 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.

NSE Nifty: (14982) The support for the Nifty is 14880-14818-14770-14707 and the resistance to the up move is at 15035-15070-15140-15170.

NSE BankNifty: (36452) The support for BankNifty is 36320-36170-36075-35945 and the resistance to the up move is 36670-36865-36970-37075.

BSE Sensex: (50782) The support for the Sensex today is 50625-50505-50365-50170 and the resistance to the up move is at 51035-51140-51270-51365-51515 levels.

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