Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that market would see some profit booking but traders can go long at dips near EquityPandit’s predicted support levels to earn excellent profits and exactly the same happened. Indian Stock Market moved sharply negative and saw lows right at EquityPandit’s predicted support levels of 11180 for Nifty like a dot and rebounded from there. Traders who followed EquityPandit’s advice might have earned decent profits for the day. Finally, Indian Stock Market closed flat for the day but BankNifty remained choppy throughout the day.
Market Today: Indian Stock Market would open positive. Technically, Market is still in the positive zone. Indian Stock Market would move in the negative zone only if it closes below 11028 for Nifty and 20930 for Bank Nifty but until then every downfall would be an opportunity for traders to go long in the market. Traders can initiate fresh short positions only if the market closes below these levels but until then anytime a bounce could be soon. Trade is to buy near EquityPandit’s predicted support levels with stoploss below reversal levels as specified on the closing basis. Some selling pressure can be seen if the market breaches yesterday’s lows of 11180 for Nifty and 21280 for BankNifty.
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FIIs were net sellers of Rs.1456.66 crores whereas DIIs were net buyers of Rs.576.50 crores in the cash market for the last trading session. Nifty would see strong support at 11180-11145-11100-11085-11024 whereas strong resistance would be seen at 11265-11308-11340-11390 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.
NSE Nifty: (11222) The support for the Nifty is 11180-11145-11100-11085-11024 and the resistance to the up move is at 11265-11308-11340-11390.
NSE BankNifty: (21411) The support for BankNifty is 21350-21065-20878-20715 and the resistance to the up move is 21545-21660-21740-21862-22000.
BSE Sensex: (37973) The support for the Sensex today is 37880-37740-37600-37440 and the resistance to the up move is at 38180-38370-38402-38487 levels.
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