Market Bullish Until Nifty Holds Above 11167, Investors To Monitor Trump’s Health
Last Trading Session: Indian Stock Market opened positive as predicted. EquityPandit predicted that the market is bullish until Nifty above 11028 and traders should hold long positions in the market and exactly the same happened. Indian Stock Market moved sharply positive as predicted and traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.
Market Today: Indian Stock Market would open positive. Technically, Market is still in the positive zone. Market would still be considered bullish until it holds above 11167 levels for Nifty and 21333 levels for Bank Nifty. Traders can hold long positions until market holds above these levels. US President Trump tests positive of Coronavirus and has been put on steroids that is recommended for serious Covid-19 cases. Investors would watch Trump’s health conditions. Some profit booking can’t be ruled out but traders should go long at dips until market holds above the reversal levels.
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FIIs were net buyers of Rs.1632.25 crores whereas DIIs were net buyers of Rs.259.46 crores in the cash market for the last trading session. Nifty would see strong support at 11380-11327-11300-11215 whereas strong resistance would be seen at 11485-11535-11585-11618-11682 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.
NSE Nifty: (11417) The support for the Nifty is 11380-11327-11300-11215 and the resistance to the up move is at 11485-11535-11585-11618-11682.
NSE BankNifty: (22246) The support for BankNifty is 22000-21925-21815-21675 and the resistance to the up move is 22385-22545-22745-22850.
BSE Sensex: (38697) The support for the Sensex today is 38600-38500-38340-38270 and the resistance to the up move is at 38880-39075-39240-39380 levels.
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