Market To See Profit Booking But Go Long At Dips Until Nifty Above 14825

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that the market would consolidate and traders can go long above 14966 for Nifty and 36290 for BankNifty. Market moved sharply positive for the day and managed to close above EquityPandit predicted reversal levels. Finally, Indian Stock Market closed the gap positive for the day.

Market Today: Indian Stock Market would open gap negative. Indian Stock Market entered into a positive zone. Market would see some correction after a sharp rally yesterday but overall the market is bullish and hence traders can go long at correction in the market. Market would enter into a negative zone only if it closes below 14825 for Nifty and 34952 for BankNifty and until then traders can go long at every downfall in the market.

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Nifty:

Bank Nifty:

FIIs were net buyers of Rs.2088.70 crores whereas DIIs were net buyers of Rs.392.91 crores in the cash market for the last trading session. Nifty would see strong support at 15209-15165-15100-14977 whereas strong resistance would be seen at 15280-15315-15380-15440-15506 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.
  
NSE Nifty: (15246) The support for the Nifty is 15209-15165-15100-14977 and the resistance to the up move is at 15280-15315-15380-15440-15506.

NSE BankNifty: (36368) The support for BankNifty is 36075-35945-35800-35660 and the resistance to the up move is 36670-36865-36970-37075.

BSE Sensex: (51445) The support for the Sensex today is 51185-51035-50880-50815 and the resistance to the up move is at 51660-51740-51880-52075 levels.

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