Initiate Long If Market Closes Above 9989 for Nifty and 21001 for BankNifty

Last Trading Session: Indian Stock Market opened negative as predicted by EquityPandit. EquityPandit predicted that the market would open negative  and traders should continue to hold short positions until it holds 9989 levels for Nifty and 21015 levels for BankNifty and exactly same happened. Indian Stock Market moved sharply negative and saw lows right near Equitypandit’s predicted resistance levels of 19730 like a dot generating huge profits for traders who followed EquityPandit’s advice to go short at every positive movement in the market. Finally, Indian Stock Market closed the gap negative for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in a negative zone. Market would enter into a positive zone once it closes above 9989 for Nifty and 21001 for BankNifty. Market may see some short covering rally after sharp downfall in the last few days. Traders should initiate fresh long positions only if the market closes 9989 levels for Nifty and 21001 levels for BankNifty. 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 sellers of Rs.2960.33 crores whereas DIIs were net buyers of Rs.1076.38 crores in the cash market for the last trading session. Nifty would see strong support at 9775-9600-9508-9380 whereas strong resistance would be seen at 9888-9940-9980-10028 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: Bank Of Maharashtra, Bliss GVS Pharma, Hindustan Petroleum Corporation, IPCA Laboratories, Navin Fluorine International Limited, NMDC, Ratnamani Metals & Tubes, Schneider Electric Infrastructure Ltd.

NSE Nifty: (9814) The support for the Nifty is 9775-9600-9508-9380 and the resistance to the up move is at 9888-9940-9980-10028.

NSE BankNifty: (19913) The support for BankNifty is 19740-19580-19211-19118 and the resistance to the up move is 20210-20347-20500-20773-21000 levels.

BSE Sensex: (33229) The support for the Sensex 33110-32880-32618-32370 and the resistance to the up move is at 33420-33675-33888-34067  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