Market Would See Sharp Downfall Today On Raghuram Rajan’s Retirement News
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market is in positive trend, so we would see positive rally for the day and exactly same happened. Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 8200 for Nifty, 17830 levels for BankNifty and 26720 levels for Sensex. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.
Today: Indian Stock Market would open Gap Negative. Technically, Indian Stock Market is still in positive trend but RBI Governor, Raghuram Rajan’s announcement on getting retired in September 2016 would force market to see a sharp downfall. Market may see sharp downfall today but looks to recover again in days to come. This week is full of volatility as Brexit referendum on June 23, 2016 would also play important role in market movement across the globe. If Britain chooses to exit the European Union, then we may see around 10% downfall in days to come. But If Britain chooses to stay in European Union then we would see a sharp positive rally. For now, traders should book profits or go short and buy again at lower levels as Market is expected to fell down sharply today. FIIs were net buyers of Rs.31.96 crores whereas DIIs were net sellers of Rs.26.21 crores in cash market for last trading session. Nifty would see strong support at 8098-8060-8000 whereas strong resistance would be seen at 8180-8200-8252-8294 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: (8170) The support for the Nifty is 8098-8060-8000 and the resistance to the up move is at 8180-8200-8252-8294 levels.
NSE BankNifty: (17696) The support for BankNifty is at 17620-17470 and the resistance to the up move is at 17830-18000-18052-18139 levels.
BSE Sensex: (26626) The support for the Sensex is at 26500-26300-26260-26000 and the resistance to the up move is at 26600-26720-26822-26940-27030 levels.
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