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Share Market Tips for – Tuesday, September 25, 2018

EquityPandit

Some Short Covering Rally Would Be Seen But Market Still Bearish For Now

 

Last Trading Session: Indian Stock Market opened flat with positive bias as predicted by EquityPandit. EquityPandit predicted that market would see some recovery but traders should not initiate long positions until Nifty closes above 11291 levels. Equitypandit also predicted that market is bearish as of now and there is a fear of further downfall and exactly same happened. Indian Stock Market fell down sharply and finally, managed to close gap negative for the day.

Today: Indian Stock Market would open flat. Indian Stock Market is still in negative zone. Though market is over-stretched and some short covering could be seen for now but market would enter into positive zone and would be considered bullish only if Nifty closes above 11253. Until then market is bearish and downside is open. Market would also be highly volatile as we head towards F&O Expiry and hence traders should remain cautious for now.

FIIs were net sellers of Rs.523.94 crores whereas DIIs were net buyers of Rs.1527.67 crores in cash market for last trading session. Nifty would see strong support at 10921-10880-10836-10800 whereas strong resistance would be seen 11005-11060-11080-11139 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Stocks In F&O Ban Period: ADANIENT and ADANIPOWER.

NSE Nifty: (10967) The support for the Nifty is 10921-10880-10836-10800 and the resistance to the up move is at 11005-11060-11080-11139 levels.

NSE BankNifty: (24970) The support for BankNifty is at 24798-24618-24500 and the resistance to the up move is at 25075-25200-25340-25480 levels.

BSE Sensex: (36305) The support for the Sensex is at 36214-36100-36065-35980-35800 and the resistance to the up move is at 36540-36600-36660-36740 levels.

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