Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 17 points negative for Nifty. As EquityPandit predicted that every positive movement would be temporary in nature and overall trend is still negative for Nifty and BankNifty and same happened. Indian Stock Market fell down sharply. Nifty closed just above EquityPandit’s predicted support levels of 8291 like a dot. Sensex also closed right above EquityPandit’s predicted support levels of 27600 like a dot. Traders, who followed EquityPandit’s suggestions to go short might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day.
Today: Indian Stock Market to open flat with positive bias. Now, Some positive movements would be seen in market. But any positive movement would still be temporary in nature and would be just a short-covering. Overall, Indian Stock Market is still in negative trend. Further correction would be seen in the market in days to come. Traders should wait for some positive movements and then go short in the market. 8290 would be the last support for reversal, closing below 8290, Nifty would see a sharp negative movement in days to come and levels of 8175-8100 for Nifty can be seen in that case. FIIs were net sellers of of Rs.808.27 crores whereas DIIs were net buyers of Rs.431.93 crores on Thursday. Nifty would see strong support at 8291-8220-8197 levels whereas strong resistance would be seen at 8350-8400-8450 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8293) The support for the Nifty is at 8291-8220-8197 and the resistance to the up move is at 8350-8400-8450 levels.
NSE BankNifty: (18405) The support for the BankNifty is at 18180-18000-17920 and the resistance to the up move is at 18590-18660-18790 levels.
BSE Sensex: (27602) The support for the Sensex is at 27600-27440-27350 and the resistance to the up move is at 27800-27920-28000 levels.
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