Market Bullish For Now, Go Long At Every Dip In The Market

Last Trading Session: Indian Stock Market opened gap positive for the day. Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 52815 for Sensex like a dot. Finally Indian Stock Market managed to close right at EquityPandit’s predicted resistance levels of 15815 for Nifty like a dot.

Today: Indian Stock Market will open negative. Technically, Indian Stock Market has entered into a positive zone. Market may see some profit booking after consecutive days to positive rally but overall, the market would be considered bullish for now and every downfall would be an opportunity for traders to go long in the market. Market would be considered bullish until it holds above 15658 for Nifty and 35099 and until then traders can go long at every dip in the market.

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Check Detailed Analysis of Nifty, BankNifty and Sensex For Today

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Nifty:

Bank Nifty:

FIIs were net buyers of Rs.113.83 crores whereas DIIs were net buyers of Rs.344.19 crores in the cash market for the last trading session. Nifty would see strong support at 15770-15708-15660-15615 whereas strong resistance would be seen at 15885-15945-15970-16035 levels. EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (15812) The support for the Nifty is 15770-15708-15660-15615 and the resistance to the up move is at 15885-15945-15970-16035 levels.

NSE BankNifty: (35673) The support for BankNifty is 35515-35440-35365-35240 and the resistance to the up move is 35770-35888-36035-36170-36380 levels.

BSE Sensex: (52770) The support for the Sensex is 52608-52500-52365-52240 and the resistance to the up move is at 52888-52945-52110-52240-52365 levels.

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