Profit Booking To Be Seen, Add Long Positions Only If BankNifty Closes Above 33167

Last Trading Session: Indian Stock Market opened gap positive as predicted by EquityPandit. EquityPandit predicted that Nifty entered into a positive zone and traders can continue to hold long positions in the market. Traders, who followed EquityPandit’s advice might have earned huge profits in the market. Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 49606 for Sensex and Finally, managed to close the gap positive for the day. Nifty closed right below EquityPandit’s predicted resistance levels of 14945 like a dot.

Today: Indian Stock Market would open gap negative. Technically, Nifty is still in the positive zone whereas BankNifty is in the negative zone. BankNifty would enter into the positive zone once it closes above 33167. Market to see profit booking today. Once BankNifty closes above 33167 and Nifty above psychological resistance of 15000 mark, traders can add more long positions but until then one should remain cautious as some correction will be seen at this point of time.

Check Detailed Analysis of Nifty, BankNifty and Sensex For Today

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Nifty:

Bank Nifty:

Check the Trend Of Major Indices and Stocks

FIIs were net buyers of Rs.583.69 crores whereas DIIs were net sellers of Rs.476.26 crores in the cash market for the last trading session. Nifty would see strong support at 14865-14815-14770-14715-14645 whereas strong resistance would be seen at 14965-15035-15075-15140 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (14942) The support for the Nifty is 14865-14815-14770-14715-14645 and the resistance to the up move is at 14965-15035-15075-15140 levels.

NSE BankNifty: (33142) The support for BankNifty is 33035-32865-32700-32540 and the resistance to the up move is 33380-33515-33660-33808 levels.

BSE Sensex: (49502) The support for the Sensex is 49365-49240-49110-49025 and the resistance to the up move is at 49715-49806-49880-50075 levels.

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