Market Still In Positive Zone, Traders Should Continue Long Positions Until Nifty Above 16555

Last Trading Session: Indian Stock Market opened gap positive for the day as predicted by EquityPandit. EquityPandit predicted that Indian Stock Market will be considered positive until it holds above 16555 for Nifty and 34576 levels for BankNifty and exactly the same happened. Indian Stock Market moved sharply positive and finally closed gap positive for the day.

Today: Indian Stock Market will open gap positive. Technically, the Indian Stock Market is still in positive zone. Traders should continue to hold long positions in the market until it holds above 16555 levels for Nifty and 34576 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.311.99 crores whereas DIIs were net buyers of 772.55 crores in the cash market for the last trading session. Nifty would see strong support at 16270-16215-16170-16110 whereas strong resistance would be seen at 16440-16515-16580-16615 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (16975) The support for the Nifty is 16880-16785-16729 and the resistance to the up move is at 17029-17088-17180-17270 levels.

NSE BankNifty: (35748) The support for Bank Nifty is 35537-35327-35192 and the resistance to the up move is 35880-36016-36227 levels.

BSE Sensex: (56817) The support for the Sensex is 56517-56217-56045 and the resistance to the up move is 56988-57160-57460 levels.

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