Yesterday: As predicted by us Indian Market opened with negative and went down sharply. Market was quite volatile throughout the day and has seen quite fast movements.
Today: Today Indian stock market would open with a big gap down. A strong resistance level would be 4800 for Nifty. Due to F&O expiry, Market can see some short covering rally even though all global markets are down by 1.5%. So stay away from any type of shorts. Market has developed a crucial resistance level of 4780.
Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.
BSE Sensex: (16283) The support for the Sensex is 16140-15850 and the resistance to the up move is at 16470-16575.
NSE Nifty: (4826) The support for the Nifty is at 4780-4700 and the resistance to the up move is at 4880-4920-4960.