Market In Positive Zone, Continue Long Until Nifty Holds Above 10825, Axisbank And HUL Results Today

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Nifty has entered into a positive zone and the market would rally further once BankNifty breaches levels of 21977. EquityPandit also predicted that upside for the Nifty could extend to 11000-11200 levels where next resistance is placed and exactly the same happened. Indian Stock Market moved sharply positive and saw strong resistance right at EquityPandit’s predicted resistance levels of 11035 for Nifty like a dot. Top Stocks That helped the market to move positively were HDFC Bank, HCLTech, Bajaj Finance, Bajaj Finserv, Reliance, Infosys and Britannia. Finally, Indian Stock Market closed the gap positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market as a whole is in the positive zone and BankNifty also entered the positive zone in the last trading session. Now Market would be considered bullish for now until it holds above 10825 for Nifty and 21738 for BankNifty. If these levels hold then we can even see the levels of 11200-11300 for Nifty and 23000 for BankNifty in upcoming days where next resistance is placed for the market. Overall, the market is bullish and traders should go long at every dip in the market and hold long positions until reversals.

Now Analyze Any Stock Yourself Just In a Few Minutes..

A Free but most Powerful Tool For Smarter analysis of any stock. Analyze before you trade/invest in any stock at StockFact

Nifty:

BankNifty:

Check the Trend Of Major Indices and Stocks

FIIs were net buyers of Rs.1709.97 crores whereas DIIs were net sellers of Rs.1521.99 crores in the cash market for the last trading session. Nifty would see strong support at 10947-10900-10840-10800  whereas strong resistance would be seen at 11085-11110-11139-11200 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 Declared Today: Axis Bank, Bajaj Finance, Bajaj Finserv, CRISIL, DCM Shriram, HDFC Life Insurance Company, Himadri Speciality Chemical, Hindustan Copper, Hindustan Unilever, Hindustan Zinc, ICICI Prudential Life Insurance Company, IIFL Finance, Indiamart Intermesh, Mahindra CIE Automotive, Polycab India, SBI Life Insurance Company, Syngene International and Tata Elxsi.

NSE Nifty: (11022) The support for the Nifty is 10947-10900-10840-10800 and the resistance to the up move is at 11085-11110-11139-11200.

NSE BankNifty: (22322) The support for BankNifty is 22200-22075-21925-21815-21675 and the resistance to the up move is 22545-22745-22850-23080.

BSE Sensex: (37419) The support for the Sensex 37340-37290-37140-37025 and the resistance to the up move is at 37577-37680-37755-37880-37940 levels.

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

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