Market in Negative Zone, Sell At Every Positive Rally For Now
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit also predicted that Indian Stock Market would see sharp correction and would achieve EquityPandit’s targets of 8120-8075 levels and exactly same happened. Indian Stock Market opened gap negative for the day. Nifty moved sharply negative and achieved EquityPandit’s targets of 8120 and 8075. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Nifty recovered from day lows and closed above 8100 levels. Sensex also closed just above EquityPandit’s predicted support levels of 26380. Finally, Indian Stock Market closed gap negative for the day as predicted by EquityPandit.
Today: Indian Stock Market would open negative. Technically, Indian Stock Market has entered into negative zone. Now, Market has strong support zone of 8000-7990 levels. Traders should consider 8000-7990 levels as important levels because closing below these levels, it would act as strong resistance and Nifty would permanently remain below these levels for long duration. There are higher chances to rebound from 8000 levels before breaching those levels. For now, traders should consider shorting at every positive rally in the market. FIIs were net buyers of Rs.212.24 crores whereas DIIs were net sellers of Rs.597.83 crores in cash market for last trading session. Nifty would see strong support at 8060-8005-7991-7959 whereas strong resistance would be seen at 8128-8180-8205-8250 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: (8111) The support for the Nifty is 8060-8005-7991-7959 and the resistance to the up move is at 8128-8180-8205-8250 levels.
NSE BankNifty: (17594) The support for BankNifty is at 17394-17300-17195-17100 and the resistance to the up move is at 17667-17760-17800-18000 levels.
BSE Sensex: (26397) The support for the Sensex is at 26215-26128-26060-25950 and the resistance to the up move is at 26471-26687-26822 levels.
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