For Today’s Nifty and BankNifty Predictions and Stock Recommendations, Visit Unicorn

Market To Consolidate Further, Initiate Short Only If Nifty Closes Below 16987

Last Trading Session: Indian Stock Market opened positive as predicted by EquityPandit. EquityPandit predicted Indian Stock Market will open positive but some profit booking can’t be ruled out at this point of time and exactly the same happened. Indian Stock Market saw highs right at EquityPandit’s predicted resistance levels of 17442 for Nifty like a dot. Finally, the Indian Stock Market closed negative for the day.

Today: Indian Stock Market will open negative. Technically, Indian Stock Market is still in the positive zone but analysis will still remain the same. Some profit booking will be seen but traders can go long at every dip in the market. Fresh short positions can be initiated only if the market closes below 16987 for Nifty and 35465 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.481.33 crores whereas DIIs were net sellers of 294.23 crores in the cash market for the last trading session. Nifty will see strong support at 17024-16932-16865-16770 whereas strong resistance would be seen at 17365-17446-17540 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (17246) The support for the Nifty is 17024-16932-16865-16770 and the resistance to the up move is at 17365-17446-17540 levels.

NSE BankNifty: (36147) The support for Bank Nifty is 35745-35472-35045 and the resistance to the up move is 36445-36660-36870-37145 levels.

BSE Sensex: (57685) The support for the Sensex is 57365-57045-56970-56650 and the resistance to the up move is 57888-58035-58215-58380 levels.

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