Bank Nifty in Positive Zone but Nifty Still in Negative Zone

Nifty is on flat note to close at 7437, so today on upside first resistance is at 7469-74 level. On downside first support is at 7405-00 level, Market is in bear side and next major support is at 7120 levels. So today on upside intra resistance are at 7501 and 7571 level an Positional Support for NIFTY 7406 and positional Resistance for NIFTY is 7494 7653 7700 7733 7807 7860 7866 8117 . (NiftyTips) 

Intraday Resistance of NIFTY are 7469.6: 7496.1: 7567.7: 7585.8 
Intraday Support of NIFTY are 7405.9: 7379.4: 7308.9: 7291.2 

Last Trading Session: Exactly as predicted by Investment Visor, Indian Stock Market opened gap positive for the day with 66 points for Nifty 50, 100 points for BSE Sensex 30 and around 180 points for Bank NIFTY. Investment Visor predicted that Bank Nifty has entered into positive zone and Nifty should follow the trend and close above 7450 for a sustainable trend. Indian Stock Market opened gap positive giving huge profits to traders.

                                    

Nifty also breached 7450 levels but was not able to close above those levels and hence remained in Indian Stock Market opened gap positive giving huge profits to traders. Nifty also breached 7450 levels but was not able to close above those levels and hence remained in negative zone as of now. Bank Nifty saw highs right at Investment Visor’s predicted resistance levels of 15680 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Technically, Bank Nifty is in positive zone whereas Nifty is still in negative zone. Nifty would enter into positive zone once it closes above 7440 and Bank Nifty would again enter into negative zone if it closes below 15240 levels, hence the best way is to wait until either of two happens and both enters into same zone either positive or negative. Once the trend is confirmed, traders can go in that direction. Shanghai Index was down by 6.38% when Indian Stock Market was closed on Republic day hence Indian Stock Market would see some pressure after Republic Day holiday.

Today, Q3 Results of few big companies like HDFC and Colgate would be disclosed that would affect Indian Stock Market direction. FIIs were net seller of Rs.91.15 crores whereas DIIs were net buyers of 307.89 crores in last trading session. Nifty would see strong support at 7367-7330-7302-7224 whereas strong resistance would be seen at 7485-7505-7567-7606 levels. Since, Investment Visor’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

Important Results to be disclosed today:

Bharat Electronics (NS:BAJE) Ltd, Bharti Infratel (NS:BHRI), Colgate Palmolive,

Godrej Consumer (NS:GOCP) Products, Havells India (NS:HVEL), HDFC,

Justdial, Power Grid, SKS Microfinance (NS:SKSM), 

Tata Coffee (NS:TACO) and United Spirits (NS:UNSP).

 

NSE Nifty: (7436)

The support for the Nifty is 7367-7330-7302-7224 and

The resistance to the up move is at 7485-7505-7567-7606 levels.

NSE Bank Nifty: (15561)

The support for Bank Nifty is at 15450-15336-15200-15060

The resistance to the up move is at 15600-15680-15805-15960 levels.

BSE Sensex: (24486)

The support for the Sensex is at 24245-24156-24080-23950 and

The resistance to the up move is at 24580-24660-24786-25915 levels.

 

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