Market would see further downfall, Short-sell at every positive rally
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see positive rally today but market would not able to sustain at higher levels and would see downfall again and exactly same happened. EquityPandit also suggested traders to go short at higher levels and traders, who followed EquityPandit’s advice might have earned huge profits for the day. EquityPandit recovered again from day lows by the end of the trading session. BankNifty saw highs right at EquityPandit’s predicted resistance levels of 15954 and fell down sharply from there. Finally, Indian Stock Market closed positive for the day and BankNifty also closed just below EquityPandit’s predicted resistance levels of 15880.
Today: Indian Stock Market would open gap negative with 50-100 points for Nifty and 120-250 points for Sensex. Technically, Indian Stock Market is still in negative zone. Today, IT giant Infosys would disclose its quarterly results and it would surely affect Indian Stock Market. As EquityPandit suggested yesterday that Market would not sustain higher levels and traders should short sell at every positive movement in the market. Yestreday Market closed positive and today again a big downfall would come. Traders should short at every positive movement in the market. A sharp downfall would be seen if Nifty closes below 7500 levels. FIIs were net seller of Rs.75.90 crores whereas DIIs were net buyers of 618.79 crores in last trading session. Nifty would see strong support at 7500-7475-7367-7200 whereas strong resistance would be seen at 7606-7675-7755-7800 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: Cient and Infosys.
NSE Nifty: (7562) The support for the Nifty is 7500-7475-7367-7200 and the resistance to the up move is at 7606-7675-7755-7800 levels.
NSE BankNifty: (15872) The support for BankNifty is at 15625-15500-15420-15336 and the resistance to the up move is at 15954-16080-16164 levels.
BSE Sensex: (24854) The support for the Sensex is at 24644-24488-24380-24206 and the resistance to the up move is at 24880-24988-25082-25120 levels.
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