Market Still In Negative Momentum, Hold Short For Now, HDFC Results Today

Last Trading Session: Indian Stock Market opened positive as predicted by EquityPandit. EquityPandit predicted that market would see downfall and traders can hold short positions or Go short at every positive rally until Nifty closes above 10931 and exactly same happened. Indian Stock Market saw sharp downfall as predicted by EquityPandit. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in negative zone. Analysis would still remain same and traders can continue to hold short positions in the market. Some short covering may be seen but traders can go short at every positive rally until market closes above 10825 for Nifty and 27137 for BankNifty. Trade is to hold short positions for now. HDFC would disclose its results today and would affect Indian Stock Market for the day.

FIIs were net buyers of Rs.223.44 crores whereas DIIs were net buyers of Rs.92.32 crores in cash market for last trading session. Nifty would see strong support at 10630-10600-10550-10500 whereas strong resistance would be seen 10705-10740-10780-10820 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: ADANIENT, ADANIPOWER and JISLJALEQS.

Important Results To Be Disclosed Today: Apar Industries, Axis Bank, Bajaj Finance, Bajaj Finserv, Bank Of Baroda, Bharat Financial Inclusion Ltd, Bliss GVS Pharma, Cera Sanitaryware, Crompton Greaves, DCM Shriram, Godrej Consumer, Granules India, HCL Technologies, Himadri Speciality Chemical, HDFC, Indiabulls Integrated Services, Info Edge, Johnson Controls-Hitachi Air Condition KEC International, Kansai Nerolac Paints, Mahanagar Gas, Oriental Bank Of Commerce, Strides Pharma, Tata Coffee, Team Lease Services, The Ramco Cements and WABCO India.

NSE Nifty: (10662) The support for the Nifty is 10630-10600-10550-10500 and the resistance to the up move is at 10705-10740-10780-10820 levels.

NSE BankNifty: (26653) The support for BankNifty is at 26500-26440-26365-26225 and the resistance to the up move is at 26840-26950-27005-27075 levels.

BSE Sensex: (35657) The support for the Sensex is at 35585-35540-35500-35380-35270 and the resistance to the up move is at 35775-35818-35880-35970 levels.

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