For Today’s Intraday Opportunities, Visit UNICORN

Market To Consolidate, Initiate Short If BankNifty Closes Below 37480

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Nifty has entered into the negative zone but BankNifty is still in the positive zone and traders should initiate short positions only if BankNifty closes below these levels. Market moved sharply positive for the day but saw strong resistance right near EquityPandit’s predicted resistance levels of 59660 for Sensex. Finally, Indian Stock Market eased down but managed to close gap positive for the day.

Today: Indian Stock Market will open flat with negative bias. Technically, Nifty is still in the negative zone whereas BankNifty is in the positive zone. BankNifty will enter into the negative zone only if it closes below 37480 levels. The Nifty will be considered bearish until it closes above 17954 levels. Traders should initiate fresh short if BankNifty closes below 37480 whereas fresh long positions can be initiated if Nifty manages to close above 17954. Overall market will consolidate and see sideways movement until the above mentioned levels are breached for Nifty or BankNifty. For excellent profits in Intraday, traders can follow Breakout and Breakdown signals at Unicorn Signals.

UNICORN [Last Friday’s Top Profitable Stocks]

– MIDHANI Long Position Gave 8.33% Returns

– BDL Long Position Gave 17.62% Returns

Click Here To Check Stocks That Will See Breakout Today

Login To Unicorn Signals To Generate Excellent Daily Profits.

Nifty:

Bank Nifty:

FIIs were net sellers of Rs.575.04 crores whereas DIIs were net sellers of 16.51 crores in the cash market for the last trading session. Nifty will see strong support at 17642-17540-17450-17365 whereas strong resistance would be seen at 17825-17880-17985-18075 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (17784) The support for the Nifty is 17642-17540-17450-17365 and the resistance to the up move is at 17825-17880-17985-18075 levels.

NSE BankNifty: (37752) The support for Bank Nifty is 37500-37365-37240-37110-36940 and the resistance to the up move is 37870-37952-38075-38160 levels.

BSE Sensex: (59447) The support for the Sensex is 59240-59110-58940-58815-58700 and the resistance to the up move is 59660-59807-59950-60110 levels.

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