Market To Remain Weak Until Nifty Closes Above 7710
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see positive reaction but traders should go short at every positive movement in the market and exactly same happened. Indian Stock Market opened positive but was not able to hold those positive levels and fell down sharply. Sensex saw lows right at EquityPandit’s predicted support levels of 24834 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat for the day.
Today: Indian Stock Market would open flat for the day. Technically, Indian Stock Market is in negative zone. Some positive movement would come but it would be considered fake until Nifty breaches levels of 7710 by closing. Closing above levels of 7710 would again bring Nifty in positive zone and if that happens, it would be a big breakout. But for now, market would be considered as sell on rally. FIIs were net sellers of Rs.493.56 crores whereas DIIs were net buyers of Rs.258.69 crores in last trading session. Nifty would see strong support at 7600-7564-7500-7479 whereas strong resistance would be seen at 7710-7730-7780-7855 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: (7614) The support for the Nifty is 7600-7564-7500-7479 and the resistance to the up move is at 7710-7730-7780-7855 levels.
NSE BankNifty: (15637) The support for BankNifty is at 15570-15500-15365-15200 and the resistance to the up move is at 15803-15956-16020-16156 levels.
BSE Sensex: (24901) The support for the Sensex is at 24834-24680-24550 and the resistance to the up move is at 24988-25060-25120-25280levels.
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