Market Bullish Until Nifty Above 11028, Hold Long Positions For Now
Last Trading Session: Indian Stock Market opened positive as predicted. EquityPandit predicted that the Market is still in a positive zone and traders must go long at every dip in the market. EquityPandit also predicted that traders can go long near EquityPandit’s predicted support and exactly the same happened. Indian Stock Market saw sharp downfall and saw lows right at EquityPandit’s predicted support levels of 11180 like a dot. Market saw sharp bounce from those levels and finally, managed to close positive for the day. Traders, who followed EquityPandit’s advice might have earned huge profits for the day.
Market Today: Indian Stock Market would open positive. Technically, Market is still in the positive zone. Analysis would still remain the same and traders should go long at dips until the market is holding above 11028 for Nifty and 20930 for Bank Nifty. Market would enter into a negative zone once it closes below these levels but until then the market would be considered bullish. Traders should initiate short positions only if the market closes below these levels.
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FIIs were net sellers of Rs.712.48 crores whereas DIIs were net buyers of Rs.409.47 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: (11248) 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: (21452) The support for BankNifty is 21350-21065-20878-20715 and the resistance to the up move is 21545-21660-21740-21862-22000.
BSE Sensex: (38068) 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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