Market Enters Into Negative Zone, Go Short At Every Rally In The Market
Last Trading Session: Indian Stock Market opened gap negative exactly as predicted by EquityPandit. EquityPandit predicted that Indian Stock Market is under pressure and would enter into negative zone once it closes below 10765 for Nifty and 26417 for BankNifty. EquityPandit also predicted that market would open gap negative where traders can take long positions for intraday and can book profits at higher levels as some recovery would be seen on intraday basis and exactly same happened. Indian Stock Market moved sharply negative and saw lows right at EquityPandit’s predicted support levels of 10700 for Nifty like a dot. Market recovered sharply from there but finally, managed to close negative for the day. Traders, who followed EquityPandit’s advice for the day might have earned huge profits for the day.
Today: Indian Stock Market would open flat. Technically, Indian Stock Market has entered into negative zone. Now, Indian Stock Market would be considered as sell on every positive rally. Market would see some short covering rally but traders can go short at rally until Nifty holds below 10838 and BankNifty holds below 26559. Overall, market is in negative trend and every rise would be an opportunity for traders to go short in the market.
FIIs were net sellers of Rs.699.22 crores whereas DIIs were net buyers of Rs.229.06 crores in cash market for last trading session. Nifty would see strong support at 10700-10675-10645-10600 whereas strong resistance would be seen 10785-10803-10840-10880 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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Stocks In F&O Ban Period: DHFL, JETAIRWAYS, JPASSOCIAT, JUSTDIAL, PCJEWELLER, RCOM and WOCKPHARMA.
Important Companies To Disclose Its Q4 Results Today: Bajaj Finance, Bajaj Finserv, Balkrishna Industries, Central Bank Of India, Coffee Day Enterprises, Escorts, Gujarat Pipavav Port Ltd, ICRA, JK Tyre & Industries, KEI Industries, Quess Corp, Siti Networks, SRF, Take Solutions, Voltas and WABCO India .
NSE Nifty: (10741) The support for the Nifty is 10700-10675-10645-10600 and the resistance to the up move is at 10785-10803-10840-10880 levels.
NSE BankNifty: (26182) The support for BankNifty is at 26000-25940-25800-25665 and the resistance to the up move is at 26270-26335-26504-26660 levels.
BSE Sensex: (35388) The support for the Sensex is at 35240-35130-35070-35000-34970 and the resistance to the up move is at 35440-35507-35660 levels.
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