Nifty Immediate Support Lies At 11320, Hold Long Positions For Now

Last Trading Session: Indian Stock Market opened positive as predicted by EquityPandit. EquityPandit predicted that Nifty has formed DOJI but still traders should go long at every dip until it holds above 11183 and exactly same happened. Indian Stock Market moved sharply positive. Traders who followed EquityPandit’s advice to go long at every dip in the market might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day. Nifty closed right at EquityPandit’s predicted resistance levels of 11430 like a dot.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone and traders should continue to hold long positions until market holds above 11230 for Nifty. Overall market is bullish for now and immediate support lies at 11320 for Nifty. Traders can go long at every dip in the market until these levels holds on intraday basis. Nifty is now heading towards its next targets of 11480-11520.

Nifty:

BankNifty:

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FIIs were net buyers of Rs.436.02 crores whereas DIIs were net buyers of Rs.929.39 crores in cash market for last trading session. Nifty would see strong support at 11369-11340-11315-11250 whereas strong resistance would be seen at 11495-11518-11565-11585 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Important Results To Be Disclosed Today: DB Corp, Federal Bank, Hathway Cable and Mindtree Ltd.

NSE Nifty: (11428) The support for the Nifty is 11369-11340-11315-11250 and the resistance to the up move is at 11495-11518-11565-11585 levels.

NSE BankNifty: (28555) The support for BankNifty is 28488-28353-28270-28140 and the resistance to the up move is 28740-28880-28960-29075 levels.

BSE Sensex: (38506) The support for the Sensex is 338445-38340-38265-38227-38100 and the resistance to the up move is at 38635-38700-38747-38800-38950 levels.

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