Market Bullish For Now, Profit Booking Can Be Seen But Go Long At Every Dip In The Market

Last Trading Session: Indian Stock Market opened flat as predicted by EquityPandit. EquityPandit predicted that BankNifty has already entered into a positive zone and traders can go long if Nifty breaches 14551 levels and exactly the same happened. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 14660 for Nifty. Finally, Indian Stock Market closed the gap positive for the day.

Today: Indian Stock Market would open flat. Technically, BankNifty was already in the positive zone and now Nifty has also entered into the positive zone. Market may see some profit booking but for now the market would be considered bullish and traders can go long at every downfall in the market.

Check Detailed Analysis of Nifty, BankNifty and Sensex For Today

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Nifty:

Bank Nifty:

FIIs were net sellers of Rs.111.89 crores whereas DIIs were net buyers of Rs.1022.57 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; hence traders are suggested to follow them for good profits.

NSE Nifty: (14653) The support for the Nifty is 14616-14540-14470-14365 and the resistance to the up move is at 14770-14818-14880-14945 levels.

NSE BankNifty: (32735) The support for BankNifty is 32540-32365-32270-32110 and the resistance to the up move is  32888-33075-33240-33380 levels.

BSE Sensex: (48944) The support for the Sensex is 48715-48606-48500-48340 and the resistance to the up move is at 49110-49270-49385-49506-49660  levels.

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