Share Market Tips for – Tuesday, August 04, 2020

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BankNifty:.

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Market Today: Indian Stock Market would open favorable. Technically, Indian Stock Market is still in an unfavorable zone. Market would see some brief covering rally (Positive motion) today but would see reversal and get in into the favorable zone only if it closes above 11136 for Nifty and 21870 for BankNifty. Until then, traders can go short at every favorable rally near EquityPandits predicted resistance levels with stoploss above 11136 for Nifty and 21870 for BankNifty on closing basis.

FIIs were net purchasers of Rs.7818.49 crores whereas DIIs were net purchasers of Rs.135.55 crores in the money market for the last trading session. Nifty would see strong assistance at 10835-10745-10685-10600 whereas strong resistance would be seen at 10945-10980-11035-11130 levels. EquityPandits support and resistance levels constantly satisfy accuracy and hence traders are suggested to follow them for good earnings.

EquityPandit predicted that the Indian Stock Market would see further downfall and traders should go short at every positive rally in the market and exactly the same occurred. Indian Stock Market fell down dramatically and traders who followed EquityPandits suggestion may have earned massive profits for the day. Stocks that pulled the market down were Kotak Bank (-4.19%), IndusInd Bank (-3.95%), Axis Bank (-3.31%), ONGC (-3.07%), HDFC Bank (-2.98%). Market Today: Indian Stock Market would open positive.

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Important Results To Be Declared Today: Astral Poly Technik, Dixon Technologies, ERIS Lifesciences, Godrej Consumer Products, Grindwell Norton, Gujarat Gas Ltd, Jindal Saw, JTEKT India, Mangalore Refinery and Petrochemicals, Narayana Hrudayalaya, PI Industries, Sun Pharma Advanced Research Company, Tata Consumer Products and Varun Beverages.

Nifty:.

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BSE Sensex: (36940) The support for the Sensex 36888-36770-36700-36635-36500 and the resistance to the up move is at 37125-37270-37888-38035 levels.

NSE BankNifty: (21072) The support for BankNifty is 21550-21350-21065-20878 and the resistance to the up move is 21862-22000-22385.

Inspect the Trend Of Major Indices and Stocks.

NSE Nifty: (10892) The assistance for the Nifty is 10835-10745-10685-10600 and the resistance to the up move is at 10945-10980-11035-11130.

EquityPandit anticipated that the Indian Stock Market would see further downfall and traders ought to go short at every positive rally in the market and exactly the very same happened. Indian Stock Market fell down sharply and traders who followed EquityPandits suggestion might have made tremendous profits for the day. Stocks that pulled the market down were Kotak Bank (-4.19%), IndusInd Bank (-3.95%), Axis Bank (-3.31%), ONGC (-3.07%), HDFC Bank (-2.98%).