Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with 67 points for Nifty. EquityPandit predicted that market would see a sharp down fall and a big breakdown would be seen once Nifty breaches levels of 8315 and exactly same happened. EquityPandit suggested traders to go short at every positive movement in the market. Market fell down sharply after breaching EquityPandit’s suggested short levels of 8315 and saw lows right at EquityPandit’s predicted support levels of 8226 like a dot. Traders who followed EquityPandit’s advice to go short in Nifty and Bank Nifty might have earned whooping profits for the day. BankNifty also closed just above EquityPandit’s predicted support levels of 18034 levels. EquityPandit was the first research company to warn the fall in the market and suggested traders to go short in the market from August 19, 2015 at 18800 levels for BankNifty and since then BankNifty has fallen almost 1000 points. Finally, Indian Stock Market closed gap negative for second day exactly as per EquityPandit’s predictions.
Today: Indian Stock Market would open gap negative with 70-150 points for Nifty and 300+ negative points for BankNifty. Indian Stock Market is still in negative zone and saw breakdown in last trading session. Today also, a big downfall would be seen in the market. BankNifty may again fall around 400-600 points today. Indian Stock Market could be saved only if some rate cut is been announced by RBI else we would see sub 8000 levels for Nifty and 17300 levels for BankNifty in upcoming days. Since we have entered into F&O Expiry week and hence we could witness huge volatility in the market. FIIs were net sellers of whooping Rs.2340.60 crores whereas DIIs were net buyers of Rs.1524.10 crores in last trading session. Nifty would see strong support at 8225-8198-8100 whereas strong resistance would be seen at 8320-8385-8430 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Click Here to Read Nifty and Major Stocks Outlook for This Week
NSE Nifty: (8300) The support for the Nifty is 8225-8198-8100 and the resistance to the up move is at 8320-8385-8430 levels.
NSE BankNifty: (18057) The support for BankNifty is at 17800-17720-17590-17500 and the resistance to the up move is at 18120-18300-18450-18500 levels.
BSE Sensex: (27366) The support for the Sensex is at 27073-26897-26675 and the resistance to the up move is at 27442-27640-27720 levels.
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