BankNifty Enters Positive Zone, Go Long At Every Dip In The Market

Last Trading Session: Indian Stock Market opened gap positive. EquityPandit predicted that Nifty is already in positive zone and BankNifty is in negative zone but would enter into positive zone once it closes above 20529 levels. Market moved sharply positive and BankNifty finally managed to close above the reversal levels. Nifty saw highs right at EquityPandit’s predicted resistance levels of 9405 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Nifty was already in positive zone and now BankNifty also entered the positive zone. Market would now be considered bullish and upside is now open till levels of 21000-21500 for BankNifty. Though some profit booking could be seen today but traders should go long at every downtrend in the market.

Nifty:

BankNifty:

Check the Trend Of Major Indices and Stocks

FIIs were net sellers of Rs.122.15 crores whereas DIIs were net buyers of Rs.389 crores in cash market for last trading session. Nifty would see strong support at 9245-9160-9090-8980 whereas strong resistance would be seen at 9346-9405-9540 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (9381) The support for the Nifty is 9330-9245-9160-9090 and the resistance to the up move is at 9405-9540-9600 levels.

NSE BankNifty: (20671) The support for BankNifty is 20465-20275-19730-19935 and the resistance to the up move is 20920-21060-21240-21465 levels.

BSE Sensex: (32115) The support for the Sensex is 32025-32880-3231490-31340-31280-31025 and the resistance to the up move is at 32240-32380-32508-32660 levels.

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