Last Trading Session: Indian Stock Market opened flat and went down sharply negative as per EquityPandit’s predictions. Nifty breached its support of 8430, exactly as per EquityPandit’s predictions. BankNifty also went down sharply as per EquityPandit’s predictions. Traders, who followed EquityPandit’s suggestions to go short in the market might have made whooping profits for the day. Finally, Indian Stock Market closed deep negative for the day, exactly as per EquityPandit’s predictions.
Today: Indian Stock Market to open negative with 10-40 points for Nifty. Indian Stock Market is still in negative trend, where traders can short Nifty and BankNifty. Further correction would be seen in the market. FIIs were net sellers of Rs.221.52 crores whereas DIIs were net sellers of Rs.345.38 crores on Tuesday. Nifty would see strong support at 8291-8220-8197 levels whereas strong resistance would be seen at 8400-8450-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8341) The support for the Nifty is at 8291-8240-8197 and the resistance to the up move is at 8400-8450-8500 levels.
NSE BankNifty: (18291) The support for the BankNifty is at 18200-18000-17920 and the resistance to the up move is at 18420-18590-18660 levels.
BSE Sensex: (27797) The support for the Sensex is at 27720-27600-27440 and the resistance to the up move is at 27920-28000-28160 levels.
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