Yesterday: Indian Stock market cracked due to lack of few announcements in the budget. Nifty breached all its support levels and closed below 4200.
Today: Indian Stock Market is expected to open flat to positive may be due to partial short covering but technically nifty would go below 4000 for sure so best move for those who has made short yesterday is do not square off your position even if sensex moves up by 200-300 points and those who haven’t made any position can short @ every higher level.
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BSE Sensex: (14043) The support for the Sensex is 13500 and the resistance to the up move is at 14890.
NSE Nifty: (4166) The support for the Nifty is at 4100 and the resistance to the up move is at 4250.
F&O Cues: FII were net sellers of 982 crore in Index Future and sellers of 172 crore in stock futures.
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Today’s prediction seems to be have gone horribly wrong. It is indeed a tough market. BTW havent seen the profit report for the month of June
Dear Thomas,
Kindly read our prediction carefully. We already predicted that market would open with uptrend due to partial short covering and also written that you should not square off your short position even if market moves up by 200-300 points. And that’s exactly happened in market today. We have also written that it is a good time to short as market will see downtrend in upcoming days. You can wait and see the market direction in 2-3 days. While investing or trading in stock market, you should always have patience as patience is the only and only single tool for success in stock market.
Well, We haven’t publish our profits of last month till now due to some hectic schedule with some of DIIs during budget. You would surely see our profits of last month posted on EquityPandit.com in a day or two.
Abhishek Parakh
Oh Okay ..Apologies… I actually interpreted “but technically nifty would go below 4000 for sure” as “but technically nifty would go below 4000 for sure today”.
I do have the patience and have done exactly as the calls given by you
Just wanted to clarify my thought.