Market to see sharp positive rally today, Go short at rally.
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with around 50 points for Nifty and 80 points for Sensex. EquityPandit predicted that market has entered into negative zone and traders should go short at this point of time and exactly same hapepend. Nifty moved sharply negative and saw lows right near EquityPandit’s predicted support levels of 7780. BankNifty also saw lows right near EquityPandit’s predicted support levels of 16875 like a dot. Finally, Indian Stock Market closed negative for the day with Nifty closing just above EquityPandit’s predicted support levels of 7780 like a dot.
Today: Indian Stock Market would open gap positive with 30-60 points for Nifty and 80-200 points for Sensex. Technically, Nifty and BankNifty, both are in negative trend but market would see some short covering (Positive) rally today. If Market holds in negative zone for next few days then we may see levels of 16200 for BankNifty in next few weeks. But if Market again entered into positive zone, then we may see sharp positive rally upto levels of 18000-18500 for BankNifty and 8200-8300 for Nifty. This would happen only if GST is supposed to be passed in Rajya Sabha. For now, market is in negative trend and traders should go short at every positive rally in the market. Lot of consolidation has been seen and now market is ready for big breakout or breakdown, so traders should follow EquityPandit advice for next few days to earn huge profits. FED rate hike news on December 15, 2015 would also affect Indian Stock Market in short term. FIIs were net sellers of Rs.1745.73 crores whereas DIIs were net buyers of Rs.1069.01 crores in last trading session. Nifty would see strong support at 7780-7750-7720-7680 whereas strong resistance would be seen at 7824-7880-7900-7980 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: (7782) The support for the Nifty is 7780-7750-7720-7680 and the resistance to the up move is at 7824-7880-7900-7980 levels.
NSE BankNifty: (16897) The support for BankNifty is at 16875-16780-16660-16580 and the resistance to the up move is at 16980-17095-17220-17380 levels.
BSE Sensex: (25638) The support for the Sensex is at 25603-25450-25395-25295 and the resistance to the up move is at 25770-25930-26060-26180 levels.
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