Advice for – Wednesday, December 17, 2014

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with 50 points for Nifty. EquityPandit predicted that market would see sharp downfall and traders should go short in this market and exactly same happened. Nifty breached its important support of 8100. Traders, who followed EquityPandit advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open flat. Some short covering (Positive movements) would be seen today but overall market is still negative and now next support would exist at 8000-7950 levels. Breaching these levels, Nifty may also see levels of 7800 in days to come. FIIs were net sellers of of Rs.1247.24 crores whereas DIIs were net buyers of Rs.534.6 crores on Tuesday. Nifty would see strong support at 8000-7950-7800 levels whereas strong resistance would be seen at 8120-8250-8315 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8068) The support for the Nifty is at 8000-7950-7800 and the resistance to the up move is at 8120-8250-8315 levels.

NSE BankNifty: (17831) The support for the BankNifty is at 17750-17600-17500 and the resistance to the up move is at 18000-18082-18300 levels.

BSE Sensex: (26781) The support for the Sensex is at 26720-26600-26500 and the resistance to the up move is at 26920-27000-27200 levels.

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