Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with 53 points for Nifty and 150 points for Sensex. EquityPandit predicted that we would see strong downfall in Indian Stock Market and exactly same happened. Nifty fell down sharply breaching all the supports. As EquityPandit predicted that, If BankNifty breaches levels of 18700, then it would enter into negative zone and traders should trade short in market and same happened. Indian Stock Market has seen a steep fall and traders, who followed EquityPandit’s suggestion to go short 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. After a big fall yesterday, Indian Stock Market can see some short covering but Indian Stock Market including BankNifty has entered into negative zone and traders should trade short in this market at every upmove. Nifty can see levels of 7980 levels in days to come. All eyes are now set on Infosys results on Friday. FIIs were net sellers of of Rs.1570.76 crores whereas DIIs were net buyers of Rs.1189.65 crores on Tuesday. Nifty would see strong support at 8050-7960-7800 levels whereas strong resistance would be seen at 8200-8250-8300 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (8127) The support for the Nifty is at 8050-7960-7800 and the resistance to the up move is at 8200-8250-8300 levels.
NSE BankNifty: (18431) The support for the BankNifty is at 18100-17770-17500 and the resistance to the up move is at 18570-18700-18880 levels.
BSE Sensex: (26987) The support for the Sensex is at 26730-26460-25830 and the resistance to the up move is at 27320-27500 levels.
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