Market To See Further Positive Rally, Strongly Bullish If BankNifty Closes Above 21560

Last Trading Session: Indian Stock Market opened positive as predicted. EquityPandit predicted that Nifty is still in the positive zone and traders should go short only if Nifty closes below 9890 and the same happened. Indian Stock Market managed to hold above 10000 levels and moved up sharply. Nifty saw resistance near EquityPandit’s predicted resistance levels of 10185. Finally, Indian Stock Market closed the gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Nifty is still in the positive zone whereas BanknIfty is in the negative zone. Market would enter into a positive zone as a whole, once BankNifty closes above 21560 levels. Once this happens, we would see another rally in the market. Market may see some positive movement today and traders should hold long positions in the market until Nifty closes below 9890 levels. Traders can add long positions if BankNifty also closes above 21560 as it would give confirmation of the positive trend. This is the Best Time To Invest In 12 Multibagger Stocks discovered by Equitypandit that would create huge wealth for Investors. Grab This Report at https://equitypandit.com/covid-multibagger/

Nifty:

BankNifty:

Check the Trend Of Major Indices and Stocks

FIIs were net buyers of Rs.97.61 crores whereas DIIs were net buyers of Rs.47.29 crores in the cash market for the last trading session. Nifty would see strong support at 9980-9933-9903-9875-9815 whereas strong resistance would be seen at 10088-10125-10185-10275 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.

Important Results To Be Disclosed Today: Abbott India, Chalet Hotels, Gujarat State Petronet, Inox Leisure, PVR and Titan Company Ltd.

NSE Nifty: (10142)  The support for the Nifty is 10037-9980-9933-9903-9875 and the resistance to the up move is at 10185-10275-10396-10440 levels.

NSE BankNifty: (21035) The support for BankNifty is 20878-20745-20620-20545 and the resistance to the up move is 21240-21465-21715-21862-22000 levels.

BSE Sensex: (34287) The support for the Sensex 34037-34815-33678-33530 and the resistance to the up move is at 34500-34770-34888-35065 levels.

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