Negative trend would continue, Go short in the market.

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 35 points for Nifty and 108 points for Sensex. EquityPandit predicted that market would see sharp short covering (positive) rally but traders should go short at rally. EquityPandit also predicted that market is negative and traders should go short at every positive movement in the market and exactly same happened. Market opened gap positive but saw sharp downfall from there. Traders, who followed EquityPandit’s advice to go short at positive rally might have earned huge profits for the day. Nifty saw highs right at Equitypandit’s predicted resistance levels of 7824 like a dot. Market fall from there and saw lows right at EquityPandit’s predicted support levels of 7750 like a dot. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open gap negative with 35-70 points for Nifty and 100-200 points for Sensex. Technically, Nifty and BankNifty, both are in negative trend and further downfall can be seen. If Market holds in negative zone for next few days then we may see levels of 16200 for BankNifty and 7500-7600 for Nifty. But if Market again entered into positive zone, then we may see sharp positive rally upto levels of 18000-18500 for BankNifty and 8200-8300 for Nifty. This would happen only if GST is supposed to be passed in Rajya Sabha. For now, market is in negative trend and traders should go short at every positive rally in the market. As we said earlier, Lot of consolidation has been seen and now market is ready for big breakout or breakdown within next couple of day, so traders should follow EquityPandit’s advice for next few days to earn huge profits. FED rate hike news on December 15, 2015 would also affect Indian Stock Market in short term. FIIs were net sellers of Rs.65.04 crores whereas DIIs were net sellers of Rs.54.9 crores in last trading session. Nifty would see strong support at 7720-7680-7665-7650 whereas strong resistance would be seen at 7825-7860-7900-7980 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: (7765) The support for the Nifty is 7720-7680-7665-7650 and the resistance to the up move is at 7825-7860-7900-7980 levels.

NSE BankNifty: (16947) The support for BankNifty is at 16780-16660-16580 and the resistance to the up move is at 16980-17095-17220-17380 levels.

BSE Sensex: (25530) The support for the Sensex is at 25395-25295-25110 and the resistance to the up move is at 25675-25770-25930-26060 levels.

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