Last Trading Session Indian Stock Market opened flat with positive bias. Market is still in positive zone and traders can go long at dips.Nifty would see resistance at 9218 levels and exactly same happened. Indian Stock Market moved sharply positive after opening but saw profit booking right at resistance levels of 9218 like a dot.Finally, Indian Stock Market closed flat for the day with some pressure on BankNifty.
This Week Indian Stock Market would open negative. Technically, Indian Stock Market is still in positive zone. Now some consolidation may be seen before further positive rally but overall market would remain bullish until Nifty holds 9109 levels on closing basis. FIIs continuous inflows are supporting Indian Stock Market and would continue to keep market bullish in March 2017. We may see some sharp correction in April 2017 due to high valuations and corporate earnings. Nifty would see reversal of the trend once it closes below 9109 levels. So, traders can go long at every dip until Nifty holds 9109 levels and BankNifty holds 21029 levels on closing basis.