Nifty Entered Positive Zone, Continue Long Until Nifty Holds Above 11666

Last Trading Session: Indian Stock Market opened negative as predicted. EquityPandit predicted that BankNifty is still positive and Nifty would also remain strong as long as 11814 holds for Nifty and exactly the same happened. Indian Stock Market remained highly volatile in a rangebound region as predicted by EquityPandit. Finally, Indian Stock market closed the gap positive for the day.

Market Today: Indian Stock Market would open gap positive. Technically, BankNifty was already in the positive zone and now Nifty has also entered into the positive zone. Market would see a sharp positive rally and traders who went long on EquityPandit’s advice would earn huge profits today. Overall, traders can go long at dips until the market holds above 11666 for Nifty and 24765 for BankNifty. Market would be bullish but highly volatile as Investors would await US election results and hence traders who went long yesterday can hedge their positions to lock in the profits.

Check Detailed Analysis of Nifty, BankNifty and Sensex For Today

Now Analyze Any Stock Yourself Just In a Few Minutes…

A Free but the Most Powerful Tool For Smarter Analysis of any stock. Analyze any stock at: StockFact – Top Stock Research, Screener And Analysis Tool

Nifty:

Bank Nifty:

Check the Trend Of Major Indices and Stocks

FIIs were net buyers of Rs.146.22 crores whereas DIIs were net sellers of Rs.8.13 crores in the cash market for the last trading session. Nifty would see strong support at 11865-11755-11710-11660 whereas strong resistance would be seen at 11940-11980-12025-12080-12170 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.

NSE Nifty: (11909) The support for the Nifty is 11865-11755-11710-11660 and the resistance to the up move is at 11980-12025-12080-12170.

NSE BankNifty: (25772) The support for BankNifty is 25585-25470-25350-25318-25200-25000 and the resistance to the up move is 25940-26075-26206-26380-26515.

BSE Sensex: (40616) The support for the Sensex today is 40365-40240-40110-40035 and the resistance to the up move is at 40890-41075-41170-41340 levels.

Note:  If you wish to subscribe to premium packages or have any queries, kindly contact us or mail us at support@equitypandit.com or call our Executive at 08000816688.

Premium Subscription Pricing details can be seen at Stock Market Premium Services