Share Market Tips for – Tuesday, October 06, 2020


Equitypandit

 

Last Trading Session: Indian Stock Market opened positive exactly as predicted. EquityPandit predicted that the market is bullish until Nifty above 11167 and traders should still hold long positions in the market and exactly the same happened. Indian Stock Market moved sharply positive and saw highs right near Equitypandit’s predicted resistance levels of 11585 for Nifty. Traders, who followed EquityPandit’s advice to hold long positions and go long at dips might have earned huge profits for the day. TCS was the major gainer for the day with the share price up by +7.30% on share buyback plan. Finally, Indian Stock Market closed gap positive for the day.

Market Today: Indian Stock Market would open positive. Technically, Market is still in the positive zone. Market would enter into negative zone only if it closes below 11312 for Nifty and 21895 levels for Bank Nifty but until then market would be considered bullish. Trump’s improving health conditions would add hopes for the stimulus. Investors sentiments are positive as of now and traders should continue to hold long positions in the market until it holds above Equitypandit’s predicted reversal levels on closing basis.

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Nifty:

NIFTY Prediction - EquityPandit

Bank Nifty:

BANKNIFTY Prediction -EquityPandit

Check the Trend Of Major Indices and Stocks

FIIs were net buyers of Rs.236.71 crores whereas DIIs were net sellers of Rs.471.56 crores in the cash market for the last trading session. Nifty would see strong support at 11488-11440-11400-11365 whereas strong resistance would be seen at 11585-11649-11682-11707 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.

NSE Nifty: (11503) The support for the Nifty is 11488-11440-11400-11365 and the resistance to the up move is at 11585-11649-11682-11707.

NSE BankNifty: (22371) The support for BankNifty is 22240-22000-21925-21800 and the resistance to the up move is 22575-22660-22745-22850.

BSE Sensex: (38974) The support for the Sensex today is 38865-38740-38660-38500 and the resistance to the up move is at 39118-39240-39380-39440 levels.

     

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