Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with negative bias. Nifty moved positive but saw strong resistance right on EquityPandit’s predicted resistance levels of 8165. Sensex also saw highs exactly at EquityPandit’s predicted resistance levels of 27250 like a dot. Market crashed from that levels due to geopolitical issues. Traders who followed EquityPandit’s suggestions to book profits below 8080 levels for Nifty, might have avoided the huge losses in today’s market. Nifty saw lows right on EquityPandit’s predicted support levels of 8000. Finally, Nifty closed sharply negative for the day.
Today: Indian Stock Market to open flat. Now, short-selling can be initiated by traders at every positive movement in the market. Nifty is looking for deep correction in next month. Nifty is currently near F&O Expiry day and huge volatility in a rangebound region would be seen. But if Nifty moved negative today, then a sharp downfall may be seen in days to come. FIIs were net sellers of Rs.1185 crores whereas DIIs were net buyers of Rs.325.7 crores in Indian Stock Market on Tuesday. Indian Stock Market would see Strong support at 8000-7940-7850 levels for Nifty whereas resistance would be seen at 8064-8100-8132 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8018) The support for the Nifty is at 8000-7940-7850 and the resistance to the up move is at 8064-8100-8132 levels.
NSE BankNifty: (15903) The support for the BankNifty is at 15800-15600 and the resistance to the up move is at 16100-16240 levels.
BSE Sensex: (26776) The support for the Sensex is at 26700-26500-26340 and the resistance to the up move is at 27000-27250 levels.
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