Nifty Entered Positive Zone, Continue Long Until Nifty Holds Above 11666
Last Trading Session: Indian Stock Market opened negative as predicted. EquityPandit predicted that BankNifty is still positive and Nifty would also remain strong as long as 11814 holds for Nifty and exactly the same happened. Indian Stock Market remained highly volatile in a rangebound region as predicted by EquityPandit. Finally, Indian Stock market closed the gap positive for the day.
Market Today: Indian Stock Market would open gap positive. Technically, BankNifty was already in the positive zone and now Nifty has also entered into the positive zone. Market would see a sharp positive rally and traders who went long on EquityPandit’s advice would earn huge profits today. Overall, traders can go long at dips until the market holds above 11666 for Nifty and 24765 for BankNifty. Market would be bullish but highly volatile as Investors would await US election results and hence traders who went long yesterday can hedge their positions to lock in the profits.
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FIIs were net buyers of Rs.146.22 crores whereas DIIs were net sellers of Rs.8.13 crores in the cash market for the last trading session. Nifty would see strong support at 11865-11755-11710-11660 whereas strong resistance would be seen at 11940-11980-12025-12080-12170 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.
NSE Nifty: (11909) The support for the Nifty is 11865-11755-11710-11660 and the resistance to the up move is at 11980-12025-12080-12170.
NSE BankNifty: (25772) The support for BankNifty is 25585-25470-25350-25318-25200-25000 and the resistance to the up move is 25940-26075-26206-26380-26515.
BSE Sensex: (40616) The support for the Sensex today is 40365-40240-40110-40035 and the resistance to the up move is at 40890-41075-41170-41340 levels.
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