Market Still Consolidating, Go long At Every Dip Until Nifty Holds Above  15080

Last Trading Session: Indian Stock Market opened flat as predicted. EquityPandit predicted that Indian Stock Market is still in the positive zone and would enter into the negative zone only if it closes below 15043 for Nifty and exactly the same happened. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 15315 for Nifty and 51075 for Sensex like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market will open flat. Technically, Indian Stock Market is still in a positive zone. Market would enter into the negative zone only if it closes above 15080 for Nifty and 34144 for BankNifty. Market is consolidating before a breakout from the range. High volatility would be seen today due to F&O Expiry. Overall, the market is still in a positive zone and traders can continue to hold long positions at every dip in the market.

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Nifty:

Bank Nifty:

Check the Trend Of Major Indices and Stocks

FIIs were net buyers of Rs.241.60 crores whereas DIIs were net sellers of Rs.438.59 crores in the cash market for the last trading session. Nifty would see strong support at 15250-15180-15100-15035 whereas strong resistance would be seen at 15350-15380-15440-15508 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (15301) The support for the Nifty is 15250-15180-15100-15035 and the resistance to the up move is at 15350-15380-15440-15508 levels.

NSE BankNifty: (34684) The support for BankNifty is 34500-34365-34240-34075 and the resistance to the up move is 34882-35075-35215-35355-35508 levels.

BSE Sensex: (51018) The support for the Sensex is 50865-50660-50485-50315 and the resistance to the up move is at 51240-51380-51540-51660 levels.

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