Indian Stock Market prediction for this week

images (1)Last trading session Indian Stock Market opened positive for the day. Indian Stock Market is in positive zone and traders should go long at every dip in the market and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at resistance levels of 18240 for BankNifty, 26687 for Sensex and 8200 levels for Nifty like a dot. Traders, who followed our suggestion might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day.

This week Indian Stock Market would open flat. Technically, Indian Stock Market including Nifty and BankNifty are in positive zone. PM announcement is big positive for Real Estate, Cement and Steel companies. Companies like HDIL, etc would see big surge in prices. Today’s closing of BankNifty would decide further direction of the market in new year 2017. Levels of 8069 for Nifty would act as reversal levels and traders can go short only if Nifty closes below these levels. January 2017 would be very volatile once corporate earnings are disclosed, until then market is positive and traders can go long at dips and can stop and reverse the positions if Nifty closes below 8069 levels.We expects a big breakout or breakdown in upcoming days, which would be predicted beforehand, once market stabilizes. Follow the advice to capture the breakout or breakdown at the best levels.

FIIs were net sellers of Rs.585.64 crores whereas DIIs were net buyers of Rs.725.26 crores in cash market for last trading session. Nifty would see strong support at 8145-8100-8077-8000 whereas strong resistance would be seen at 8200-8230-8265-8280-8310 levels.Traders are suggested to follow them for good profits.

 

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