Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive for Nifty. As EquityPandit mentioned for last 3 days that Indian Stock Market is in negative trend and is ready for looking a deep correction in days to come hence, traders should look for short-selling at every positive movement and exactly same happened. Nifty moved sharply negative and saw lows exactly near EquityPandit’s predicted support levels of 7850 levels. Sensex also saw lows exactly at EquityPandit’s predicted support levels of 26340 like a dot. Finally, Indian Stock Market closed in deep negative region below 8000 levels for Nifty. Traders, who followed EquityPandit’s advice to go for shortselling might have earned huge profits in today’s market.
Today: Indian Stock Market to open gap negative. Some short covering (positive movement) would definitely be seen after a sharp fall in the market but overall Indian Stock Market is in negative trend and traders should look for short-selling at every positive movement. FIIs were net sellers of Rs.851.24 crores whereas DIIs were net buyers of Rs.818.62 crores in Indian Stock Market on Thursday. Indian Stock Market would see Strong support at 7850-7800-7700 levels for Nifty whereas resistance would be seen at 8000-8020-8064 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7912) The support for the Nifty is at 7850-7800-7700 and the resistance to the up move is at 8000-8020-8064 levels.
NSE BankNifty: (15299) The support for the BankNifty is at 15096-14970-14800 and the resistance to the up move is at 15465-15624-15740 levels.
BSE Sensex: (26468) The support for the Sensex is at 26340-26260-26075 and the resistance to the up move is at 26530-26680-26820 levels.
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