Market To See Sharp Positive Rally, Pfizer Covid Vaccine News To Fuel The Market Rally
Last Trading Session: Indian Stock Market opened gap positive exactly as predicted by EquityPandit. EquityPandit predicted that the market is still bullish and festive season to lift sales. EquityPandit also predicted that further positive rally would be seen in the market and exactly the same happened. Indian Stock Market moved sharply positive and saw lifetime highs for Nifty and Sensex exactly as predicted. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed the gap positive for the day.
Market Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in the positive zone. Indian Market already on lifetime highs. Pfizer’s covid-19 Vaccine news to lift the market sentiments. Market would see a sharp positive rally and see new record highs today. Overall, the market is bullish and traders can continue to hold long positions in the market.
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FIIs were net buyers of Rs.4548.39 crores whereas DIIs were net sellers of Rs.3036.31 crores in the cash market for the last trading session. Nifty would see strong support at 12370-12320-12280 whereas strong resistance would be seen at 12660-12740-12815-12880 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.
NSE Nifty: (12461) The support for the Nifty is 12370-12320-12280 and the resistance to the up move is at 12660-12740-12815-12880.
NSE BankNifty: (27534) The support for BankNifty is 27380-27300-27110-27025 and the resistance to the up move is 28080-28365-28540-28770.
BSE Sensex: (42597) The support for the Sensex today is 42500-42308 and the resistance to the up move is at 42880-43110-43440-43615-43800 levels.
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