Market To Consolidate, Continue Long Until Nifty Holds Above 10001

Last Trading Session: Indian Stock Market opened gap positive as predicted. EquityPandit predicted that the market would see a further rally and the market would be strongly bullish if it closed above 21560. Market moved sharply positive and achieved Nifty targets of 10300. Market saw sharp profit booking at highs and fell down sharply. Finally , Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open positive. Technically, Nifty is still in the positive zone whereas BankNifty is still in the negative zone. Market would be considered strongly bullish if BankNifty closes above 21580 levels whereas the market would enter into a negative zone if closed below 10001 levels for Nifty. Until then the market would continue to consolidate and traders should trade taking care of support and resistance levels specified by EquityPandit. 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.813.27 crores whereas DIIs were net sellers of Rs.1238.23 crores in the cash market for the last trading session. Nifty would see strong support at 10037-9980-9933-9903-9875 whereas strong resistance would be seen at 10185-10275-10396-10440 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: Bombay Dyeing, eClerx Services, Graphite India, Gujarat Pipavav, Hero MotoCorp, KRBL, Mangalore Refinery and Teamlease Services.

NSE Nifty: (10167)  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: (21187) 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: (34371) 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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