Market Bullish Only Above 11335 For Nifty, Infy Results Today

Last Trading Session: Indian Stock Market opened negative as predicted by EquityPandit. EquityPandit predicted traders can go long at dips but market would turn bullish only if Nifty closes above 11335 and exactly same happened. Indian Stock Market moved sharply negative but managed to close right at EquityPandit’s predicted support levels of 11235 for Nifty and 37880 for Sensex like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open positive. Technically, BankNifty is still in positive zone whereas Nifty is in negative zone. Nifty needs to break levels of 11335 to enter into positive zone but until then market would continue to consolidate in this region. Traders should go long at dips until Nifty holds above support of 11200-11166 range. Market would turn bullish only if Nifty manages to close above 11335 levels. Below 11335 levels for Nifty, market would see sideways movement where intraday traders should go long at support and book profits at resistance levels.

Nifty:

BankNifty:

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FIIs were net sellers of Rs.263.11 crores whereas DIIs were net buyers of Rs.502.67 crores in cash market for last trading session. Nifty would see strong support at 11200-11165-11125 whereas strong resistance would be seen at 11300-11355-11385-11400 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: Bajaj Consumer Care Ltd, Infosys and ITI Ltd.

NSE Nifty: (11235) The support for the Nifty is 11200-11165-11125 and the resistance to the up move is at 11300-11355-11385-11400 levels.

NSE BankNifty: (28013) The support for BankNifty is 27960-27840-27760-27690 and the resistance to the up move is 28180-28275-28360-28545 levels.

BSE Sensex: (37880) The support for the Sensex is 37690-37550-37430-37340 and the resistance to the up move is at 38027-38075-38170-38254 levels.

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