Market Would See Some Positive Movement But Overall, It Would Remain Rangebound 

Last Trading Session: Indian Stock Market opened negative as predicted by EquityPandit. EquityPandit predicted that market would open negative and would see some correction for the day and exactly same happened. Indian Stock Market moved sharply negative and finally, closed gap negative for the day. Sensex closed right at EquityPandit’s predicted support levels of 28440 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is in positive zone for now and would enter into negative zone once it closes below 8117 for Nifty and 18407 for BankNifty. Market would continue to watch the measures to be taken for infusing further liquidity in the system and to avoid Corona virus spread. For now market would continue to consolidate. Overall, market is under pressure and 8600 would act as immediate resistance for Nifty as of now whereas downside is open. Market if closes below 8117 for Nifty and 18407 for BankNifty then it would again see sharp downfall in days to come.

Nifty:

BankNifty:

Check the Trend Of Major Indices and Stocks

FIIs were net sellers of Rs.4363.61 crores whereas DIIs were net buyers of Rs.3550.33 crores in cash market for last trading session. Nifty would see strong support at 8240-8180-8124-8000 whereas strong resistance would be seen at 8350-8414-8564-8630 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8281) The support for the Nifty is 8240-8180-8124-8000 and the resistance to the up move is at 8350-8414-8564-8630 levels.

NSE BankNifty: (18782) The support for BankNifty is 18425-18254-18000-17770 and the resistance to the up move is 19075-19256-19380-19508 levels.

BSE Sensex: (28440) The support for the Sensex is 28120-27930-27600-27440 and the resistance to the up move is at 28700-28940-29060-29240 levels.

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