Market To See Positive Movement Today But To Be Considered Bearish Until Nifty Below 15020

Last Trading Session: Indian Stock Market opened flat with positive bias for the day as predicted. EquityPandit predicted that the market would see some short covering but traders should go short at every positive rally in the market and exactly the same happened. Indian Stock Market moved positive on the account of short covering but saw sharp downfall from there and finally closed the gap negative for the day. Traders who followed EquityPandit’s advice might have earned huge profits for the day.

Market Today: Indian Stock Market would open positive. Indian Stock Market is still in a negative zone. Market would enter into the positive zone only if it closes above 15020 for Nifty and 36452 levels for BankNifty but until then the market would be considered bearish. Market would see positive movement today after the sharp downfall in the last 5 consecutive sessions. Traders should initiate fresh long positions only if the market closes above the predicted reversal levels of 15020 for Nifty and 36452 for BankNifty and until then the market would be considered as a sell on rally.

Check Detailed Analysis of Nifty, BankNifty 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:

Check the Trend Of Major Indices and Stocks

FIIs were net sellers of Rs.893.25 crores whereas DIIs were net sellers of Rs.919.88 crores in the cash market for the last trading session. Nifty would see strong support at 14616-14540-14470-14365 whereas strong resistance would be seen at 14770-14818-14880-14945 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.

NSE Nifty: (14676) The support for the Nifty is 14616-14540-14470-14365 and the resistance to the up move is at 14770-14818-14880-14945.

NSE BankNifty: (35257) The support for BankNifty is 35075-34865-34770-34700 and the resistance to the up move is 35440-35606-35715-35808.

BSE Sensex: (49744) The support for the Sensex today is 49615-49508-49380-49240 and the resistance to the up move is at 49880-50035-50140-50270-50440 levels.

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