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NSE Nifty: (11132) The assistance for the Nifty is 11100-11085-11024-11000 and the resistance to the up move is at 11215-11265-11308-11340.
BSE Sensex: (37668) The assistance for the Sensex today is 37600-37440-37365-37110 and the resistance to the up relocation is at 37940-38075-38180-38370 levels.
EquityPandit anticipated that Indian Stock Market might bounce back but traders should continue to hold short positions until Nifty listed below 11351 and precisely the very same happened. Indian Stock Market opened space favorable however saw strong resistance right near EquityPandits anticipated resistance levels of 11265 for Nifty. Market Today: Indian Stock Market would open unfavorable. Market would get in into a favorable zone only if it closes above 11305 for Nifty and 21644 for Bank Nifty but till then traders can continue to hold brief positions. Nifty has witnessed strong support in 11000-11100 region and some short covering cant be ruled out however total market is bearish up until Nifty and BankNifty closes above 11305 and 21644 respectively and traders can go short near resistances with stoplosses above reversal levels on closing basis.
Market Today: Indian Stock Market would open negative. Market would get in into a positive zone just if it closes above 11305 for Nifty and 21644 for Bank Nifty but until then traders can continue to hold short positions. Nifty has seen strong assistance in 11000-11100 area and some short covering cant be ruled out however overall market is bearish till Nifty and BankNifty closes above 11305 and 21644 respectively and traders can go short near resistances with stoplosses above turnaround levels on closing basis.
NSE BankNifty: (21179) The support for BankNifty is 21065-20878-20745-20620 and the resistance to the up move is 21380-21560-21715-21862.
FIIs were net sellers of Rs.3912.44 crores whereas DIIs were net buyers of Rs.1629.23 crores in the cash market for the last trading session. Nifty would see strong support at 11100-11085-11024-11000 whereas strong resistance would be seen at 11215-11265-11308-11340 levels. EquityPandits assistance and resistance levels constantly meet accuracy and thus traders are recommended to follow them for great earnings.
Last Trading Session: Indian Stock Market opened favorable exactly as forecasted. EquityPandit predicted that Indian Stock Market might recuperate but traders must continue to hold short positions till Nifty listed below 11351 and exactly the exact same took place. Indian Stock Market opened space positive however saw strong resistance right near EquityPandits predicted resistance levels of 11265 for Nifty. Market fell down greatly form there and saw lows right at EquityPandits predicted assistance levels of 11024 like a dot. Traders, who followed EquityPandits advice may have made substantial profits for the day. Indian Stock Market closed unfavorable for the day.
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