Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market has entered into negative zone and traders can undoubtedly go for short at every positive movement in the market and exactly same happened. Traders, who followed EquityPandit’s advice to go short in the market might have earned whooping profits for the day. Nifty moved sharply negative and saw lows right at EquityPandit’s predicted support levels of 8100 like a dot and finally, closed just above EquityPandit’s support levels in deep negative region.
Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in negative zone. Some further downside cannot be ruled out and the trade is to go short at every positive movement in the market. Indian Stock Market is still weak and breaching levels of 8085 would force market to see further downfall. FIIs were net buyers of Rs.174.12 crores whereas DIIs were net sellers of Rs.299.20 crores in last trading session. Nifty would see strong support at 8085-8050-8000 whereas strong resistance would be seen at 8180-8210-8250 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
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Important Results to be disclosed today: Ajanta Pharma, Apollo Tyres, Atul Ltd, Century Textiles, ICICI Bank, Ipca Lab, ITC, Karnataka Bank, Kotak Mahindra Bank, L&T, Suzlon, Tata Teleservices and Titan.
NSE Nifty: (8112) The support for the Nifty is 8085-8050-8000 and the resistance to the up move is at 8150-8180-8210-8250 levels.
NSE BankNifty: (17212) The support for BankNifty is at 17060-16953-16875-16780 and the resistance to the up move is at 17450-17570-17660 levels.
BSE Sensex: (26838) The support for the Sensex is at 26660-26580-26375 and the resistance to the up move is at 27060-27165-27445 levels.
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