Share Market Tips for – Thursday, August 06, 2020

Market Today: Indian Stock Market would open flat. Market would be considered bullish just if it closes above these levels and if it takes place, then traders can initiate fresh long positions as the market would see a sharp favorable rally in that case.

Crucial Results To Be Declared Today: Adani Enterprises, Adani Power, BASF India, Bayer CropScience, Blue Star, Can Fin Homes, Dalmia Bharat, Deepak Nitrite, Esab India, Gujarat Pipavav Port, Gujarat State Petronet, HPCL, Honeywell Automation India Ltd, IFB Industries, Indian Hotels Co Ltd, Jamna Auto Industries, JK Tyre, KEI Industries, Sumitomo Chemicals, Torrent Power, Vodafone Idea and Whirlpool of India.

NSE BankNifty: (21510) The support for BankNifty is 21065-20878-20745-20620 and the resistance to the up move is 21715-21862-22000-22385.

Last Trading Session: Indian Stock Market opened favorable for the day. EquityPandit predicted that the Market would be considered bullish just if Nifty closes above 11136 but till then every positive movement would be an opportunity to go short in the market and precisely the same occurred. Indian Stock Market moved greatly favorable but was not able to hold greater levels and as forecasted by EquityPandit, it fell down sharply to close below 11136 for Nifty and 21870 levels for BankNifty. Market Today: Indian Stock Market would open flat. Market would be thought about bullish only if it closes above these levels and if it occurs, then traders can initiate fresh long positions as the market would see a sharp favorable rally in that case.

FIIs were net sellers of Rs.60.18 crores whereas DIIs were net sellers of Rs.425.98 crores in the cash market for the last trading session. Nifty would see strong support at 11040-11024-10980-10945 whereas strong resistance would be seen at 11130-11154-11185-11205-11237 levels. EquityPandits assistance and resistance levels constantly fulfill accuracy and hence traders are recommended to follow them for good profits.

Nifty:.

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Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit forecasted that the Market would be considered bullish just if Nifty closes above 11136 but till then every favorable motion would be an opportunity to go short in the market and precisely the very same happened. Indian Stock Market moved sharply favorable however was unable to hold higher levels and as forecasted by EquityPandit, it dropped dramatically to close listed below 11136 for Nifty and 21870 levels for BankNifty. Traders who followed EquityPandits advice may have earned excellent earnings for the day. Tata Steel (+6.33%), Titan (+2.81%) and Maruti (+2.63%) were the top gainers whereas Hdfc Bank (-1.35%), Power Grid (-1.29%) and Reliance Industries (-1.12%) were the leading losers for the day. Indian Stock Market closed flat for the day.

NSE Nifty: (11102) The support for the Nifty is 11040-11024-10980-10945 and the resistance to the up move is at 11130-11154-11185-11205-11237.

BSE Sensex: (37663) The assistance for the Sensex 37440-37365-37240-37110 and the resistance to the up move is at 37808-37930-38110-38245 levels.

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BankNifty:.