Market Entered Negative Zone, Go short At Every Positive Rally
Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that traders can go short if Nifty breaches 8626 levels and exactly same happened. Market moved sharply negative after Nifty breached 8626 levels and saw sharp breakdown. Market saw lows right at EquityPandit’s predicted support levels of 27736 for Sensex and 18610 for BankNifty like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Nifty closed just above EquityPandit’s predicted support levels of 8570. Finally, Indian Stock Market closed gap negative for the day.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market has entered into negative zone. Now Market is expected to see further downfall in days to come. Traders should go short at every positive rally in the market. Market may see some rebounce after sharp downfall yesterday but now the trade is to go short in the market. Market is ready to see big downfall in days to come.
FIIs were net buyers of Rs.412.56 crores whereas DIIs were net sellers of Rs.747.27 crores in cash market for last trading session. Nifty would see strong support at 8550-8530-8496-8470 whereas strong resistance would be seen at 8620-8636-8665-8707 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 Q1 Results To Be Disclosed Today: Aditya Birla Nuvo, Balrampur Chini, Bank Of Baroda, Godrej Industries, Granules India, Grasim Industries, Gujarat Pipavav, ICRA, IDBI Bank, Ipca Laboratories, IRB Infra, JK Lakshmi Cement, Jyothy Laboratories, KRBL, MRF Ltd, Page Industries, PTC India, REC Ltd. and VIP Industires.
NSE Nifty: (8575) The support for the Nifty is 8550-8530-8496-8470 and the resistance to the up move is at 8620-8636-8665-8707 levels.
NSE BankNifty: (18648) The support for BankNifty is at 18610-18533-18400-18219-18218 and the resistance to the up move is at 18740-18888-19030-19160 levels.
BSE Sensex: (27775) The support for the Sensex is at 27635-27540-27380 and the resistance to the up move is at 27850-28018-28071-28218 levels.
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