Market Would Still Consolidate, Market Bearish If Nifty Closes Below 10001

Last Trading Session: Indian Stock Market opened positive as predicted. EquityPandit predicted that the market would consolidate until Nifty held 10001 by closing and exactly the same happened. Indian Stock Market moved sharply positive but was not able to sustain higher levels. Market fell down sharply and finally closed the gap negative 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. The Nifty would enter into a negative zone once it closes below 10001 levels. Market may see some further consolidation. Traders should initiate fresh short positions once Nifty closes below 10001 levels. 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.490.81 crores whereas DIIs were net sellers of Rs.733.33 crores in the cash market for the last trading session. Nifty would see strong support at 9980-9933-9903-9875 whereas strong resistance would be seen at 10125-10185-10275-10396 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: Dhanuka Agritech, EIH, Indian Hotels, Jamna Auto Industries, Jindal Stainless (Hisar), Mahanagar Gas, Shankara Building Products, Shriram Transport Finance Company, Tata Metaliks.

NSE Nifty: (10047)  The support for the Nifty is 9980-9933-9903-9875 and the resistance to the up move is at 10125-10185-10275-10396 levels.

NSE BankNifty: (20725) The support for BankNifty is 20545-20465-20275-19730-19935 and the resistance to the up move is 20920-21060-21240-21465 levels.

BSE Sensex: (33957) The support for the Sensex 33724-33585-33400-33110 and the resistance to the up move is at 34067-34240-34465-34725 levels.

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