Nifty and BankNifty entered negative zone. Go short in the Market.
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with 30 points for Nifty. EquityPandit predicted that market is in positive zone but it is loosing positive momentum. EquityPandit also that market is near a big movement (either a breakdown or a breakout) and if BankNifty breaches levels of 17165, then we could see a sharp downfall where traders could initiate a fresh short in the market at that point and exactly same happened. Nifty fell down sharply and saw lows right at EquityPandit’s predicted support levels of 7855 levels. Traders, who followed EquityPandit’s advice to go short in the market might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.
Today: Indian Stock Market would open gap negative with atleast 25-60 point for Nifty and 80-200 points for Sensex. Technically, Nifty and BankNifty, both have entered into negative trend and traders should go short in the market at this point of time. If this trend sustains then we would see a sharp breakdown in the market that can take Bank Nifty to 16500-16200 levels and Nifty to around 7600-7500 levels. But if this trend fails and Nifty and BankNifty again enters into positive zone in next couple of days then a sharp breakout would be seen in the market for sure. This may happen only if GST bill get cleared in Rajya Sabha. For now the traders is in sell side and traders should go short at every rally in the market. FIIs were net sellers of Rs.811.43 crores whereas DIIs were net buyers of Rs.521.11 crores in last trading session. Nifty would see strong support at 7815-7800-7780-7750 whereas strong resistance would be seen at 7900-7980-8008-8055 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Click Here to Check the Trend Of Major Indices and Stocks
NSE Nifty: (7864) The support for the Nifty is 7815-7800-7780-7750 and the resistance to the up move is at 7900-7980-8008-8055 levels.
NSE BankNifty: (17110) The support for BankNifty is at 17050-16960-16875-16780 and the resistance to the up move is at 17220-17380-17480-17570 levels.
BSE Sensex: (25887) The support for the Sensex is at 25760-25695-25603-25450 and the resistance to the up move is at 26060-26180-26260-26340 levels.
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