BankNifty Still Bearish, Hold Short Until BankNifty Closes Above 31270

Last Trading Session: Indian Stock Market opened gap negative as predicted by EquityPandit. EquityPandit predicted that Nifty have entered into positive zone but BankNifty is still in negative zone and traders should continue to hold short positions until BankNifty closes above 31270 and exactly same happened. Indian Stock Market moved sharply negative as predicted. Market saw lows right at EquityPandit’s predicted support levels of 30815 for BankNifty and 12105 for Nifty like a dot. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Technically, BankNifty is still in negative zone whereas Nifty is in positive zone. Market still looks bearish and traders should continue to hold short positions in the market until BankNifty holds below 31270. Nifty would again enter into negative zone once it closes below 12108 and if this happens then traders can add short positions in the market.

Nifty:

BankNifty:

Here to Check the Trend Of Major Indices and Stocks

FIIs were net sellers of Rs.438.85 crores whereas DIIs were net buyers of Rs.10.51 crores in cash market for last trading session. Nifty would see strong support at 12070-12035-12000-11980 whereas strong resistance would be seen at 12155-12185-12201-12240 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Quarterly Results To Be Disclose Today: Central Bank Of India, Cummins India, IFB Industries, Infibeam Avenues, JK Lakshmi Cement, KRBL, M&M Financial Services, Maruti Suzuki India, Orient Electric, Tata Coffee, Team Lease Services, Tube Investments Of India and WABCO India.

NSE Nifty: (12119) The support for the Nifty is 12070-12035-12000-11980 and the resistance to the up move is at 12155-12185-12201-12240 levels.

NSE BankNifty: (30837) The support for BankNifty is 30700-30635-30550-30445 and the resistance to the up move is 30885-30950-31067-31180 levels.

BSE Sensex: (41155) The support for the Sensex is 41035-41000-40880-40780 and the resistance to the up move is at 41270-41380-41440 levels.

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