Lighten Your Long Positions and Buy at Dips

Last Trading Session: Nifty consolidated around 8200 zone despite weak global cues. Due to rumours of RBI governor, bank nifty saw profit booking which got nullify by ITC and IT index.

Today: Indian Stock Market would open flat to minor negative. Technically, Indian Stock Market is still in positive zone. Today also market looks to consolidate with 8150-8100 as buying zone and 8200-8250 as resistance zone. In  days to come, there are lot of big global events that would keep market on edges and volatile. So better to lighten up your position and fresh position can be enter only when nifty comes out of the range of 8100-8250 spot levels.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8179) The support for the Nifty is 8150-8100 and the resistance to the up move is at 8200-8250 levels.

NSE BankNifty: (17423) The support for BankNifty is at 17300-17195-17100-17000 and the resistance to the up move is at 17480-17570-17652-17827 levels.

BSE Sensex: (26713) The support for the Sensex is at 26500-26300 and the resistance to the up move is at 26857-27000 levels.

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