EquityPandit predicted that Indian Stock Market is still bearish and traders need to continue to hold brief positions in the market. Market Today: Indian Stock Market would open positive. The market is bearish however it is over-stretched now and we can see some favorable bounce back in the market. Market would enter into a positive zone if it closes above 11095 for Nifty and 21266 for BankNifty. Breaching levels of 10780 for Nifty would require the market to see further failure.
NSE BankNifty: (20457) The support for BankNifty is 20275-19730-19935-19800 and the resistance to the up relocation is 21606-20680-20847-21060.
Examine the Trend Of Major Indices and Stocks.
BSE Sensex: (36554) The support for the Sensex today is 36480-36370-36245-36075 and the resistance to the up move is at 36750-36888-37037-37110 levels.
NSE Nifty: (10806) The assistance for the Nifty is 10750-10715-10685-10600 and the resistance to the up move is at 10880-10945-10980-11035.
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FIIs were net sellers of Rs.1885.69 crores whereas DIIs were net buyers of Rs.188.64 crores in the money market for the last trading session. Nifty would see strong assistance at 10750-10715-10685-10600 whereas strong resistance would be seen at 10880-10945-10980-11035 levels. EquityPandits assistance and resistance levels constantly meet accuracy and for this reason traders are suggested to follow them for great revenues.
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Market Today: Indian Stock Market would open favorable. The market is bearish but it is over-stretched now and we can see some positive bounce back in the market. Breaching levels of 10780 for Nifty would force the market to see more downfall.
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Last Trading Session: Indian Stock Market opened negative precisely as forecasted. EquityPandit anticipated that Indian Stock Market is still bearish and traders should continue to hold short positions in the market. Equitypandit forecasted on Tuesday that the marketplace would continue to fall and the next target for Nifty is at 10880 and it got achieved today. Traders who followed EquityPandits guidance may have made substantial earnings for the day. IndusInd Bank, Bajaj Finance, M&M, TCS and Tech Mahindra were the significant losers for the day. Indian Stock Market closed the space unfavorable for the day.