Continue Short Until Market Holds Below 9989 For Nifty and 21015 For BankNifty By Closing

Last Trading Session: Indian Stock Market opened gap negative as predicted by EquityPandit. EquityPandit predicted that the market would see a gap negative opening and traders who initiated a short last day would reap whopping profits today and exactly the same happened. Traders got an opportunity to book huge profits in their short positions. EquityPandit also suggested traders to go short at every positive movement in the market. Market moved sharply positive from lows and managed to close positive, just below Equitypandit’s predicted resistance levels.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in a negative zone. Market would enter into a positive zone only if it closes above 9989 for Nifty and 21015 for BankNifty. Market is just near its reversal levels, so traders can use these levels as closing stoploss in their short trades. Traders can go short at positive movement in the market until the market doesn’t close above 9989 levels for Nifty and 21015 levels for BankNifty. Traders should initiate fresh long only if the market closes above these reversal levels. This is the Best Time To Invest In 12 Multibagger Stocks discovered by Equitypandit at such low prices that would create huge wealth for Investors. Grab This Report at https://equitypandit.com/covid-multibagger/

Nifty:

BankNifty:

Check the Trend Of Major Indices and Stocks

FIIs were net sellers of Rs.1311.49 crores whereas DIIs were net buyers of Rs.1945.15 crores in the cash market for the last trading session. Nifty would see strong support at 9903-9875-9845-9775 whereas strong resistance would be seen at 10005-10040-10160-10185 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.

Important Results To Be Disclosed Today: Ashoka Buildcon, Can Fin Homes, CCL Products, Cholamandalam Financial Holdings, Intellect Design Arena, JK Tyre, Meghmani Organics, Narayana Hrudayalaya, Pfizer, Shilpa Medicare, Shoppers Stop and Tata Motors Ltd.

NSE Nifty: (9973)  The support for the Nifty is 9903-9875-9845-9775 and the resistance to the up move is at 10005-10040-10160-10185 levels.

NSE BankNifty: (20655) The support for BankNifty is 19935-19730-19580-19211-19118 and the resistance to the up move is 20780-20920-21060-21270 levels.

BSE Sensex: (33781) The support for the Sensex 33678-33530-33370-33110 and the resistance to the up move is at 33888-34067-34240-34380 levels.

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