Indian Stock Market Still In Positive Zone, Continue Long Until Nifty Holds Above 17335

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that the Market would still be strong until Nifty held above 17276 and traders should continue to hold long positions in the market and exactly the same happened. The Indian Stock Market saw a sharp positive rally. BankNifty saw highs right near EquityPandit’s predicted resistance levels of 36940. Traders who followed EquityPandit’s advice to hold long positions might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market will open flat. Technically, the Indian Stock Market is still in a positive zone. Market would enter into the negative zone only if it closes below 17335 for Nifty and 36344 for BankNifty. Traders should initiate fresh short positions only if the market closes below these levels and until then traders can continue to hold long positions in the market.

Check Now The List Of Stocks To Buy Today

Check Detailed Analysis of Nifty, Bank Nifty and Sensex For Today

Now Analyze Any Stock Yourself Just In a Few Minutes…

A Free but the Most Powerful Tool For Smarter Analysis of any stock. Analyze any stock at: StockFact – Top Stock Research, Screener And Analysis Tool

Nifty:

Bank Nifty:

FIIs were net buyers of Rs.232.84 crores whereas DIIs were net sellers of Rs.167.87 crores in the cash market for the last trading session. Nifty would see strong support at 17440-17385-17325-17285 whereas strong resistance would be seen at 17570-17615-17660-17708 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (17519) The support for the Nifty is 17440-17385-17325-17285 and the resistance to the up move is at 17570-17615-17660-17708 levels.

NSE BankNifty: (36852) The support for Bank Nifty is 36715-36660-36515-36340 and the resistance to the up move is 36952-37075-37140-37270 levels.

BSE Sensex: (58723) The support for the Sensex is 58608-58485-58365-58240 and the resistance to the up move is at 58888-59025-59110-59240 levels.

Premium Subscription Pricing details can be seen at Stock Market Premium Services