Some Positive Rally would be seen today, but trade is to go short at Rally.

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative. EquityPandit predicted that market is still in negative zone and further downfall would be seen, hence traders are suggested to continue shorting the market to earn huge profits and exactly same happened. Indian Stock Market moved down sharply. Nifty saw lows right at EquityPandit’s support of 7600 levels. Sensex also saw lows right at EquityPandit’s support levels of 25000. Traders, who followed EquityPandit’s advice to go short might have earned whooping profits for the day. Finally, Indian Stock Market closed gap negative for the day and BankNifty closed right at EquityPandit’s support of 16660 like a dot.

Today: Indian Stock Market would open flat. Today, Some short covering (Positive rally) would be seen but overall market is still negative for now. Technically, Indian Stock Market is still in negative zone. Nifty has almost achieved EquityPandit’s target of 7600. Now, Nifty has confirmed Head and Shoulder Pattern that is bearish in nature. Nifty may head to 7500 for now but some strong support would be witnessed at 7545 levels. BankNifty has seen some strength as of now as compared to Nifty, so if market falls further then BankNifty would may see a breakdown. Whereas, if Market recovers then BankNifty would zoom very fast. The trade is to go short at positive rally until BankNifty breaches levels of 17030 on the positive side. FIIs were net sellers of Rs.527.41 crores whereas DIIs were net buyers of Rs.864.71 crores in last trading session. Nifty would see strong support at 7580-7545-7500-7450 whereas strong resistance would be seen at 7700-7770-7825-7860 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: (7613) The support for the Nifty is 7580-7545-7500-7450 and the resistance to the up move is at 7700-7770-7825-7860 levels.

NSE BankNifty: (16661) The support for BankNifty is at 16580-16435-16320-16218 and the resistance to the up move is at 16780-16868-16980-17095 levels.

BSE Sensex: (25036) The support for the Sensex is at 25000-24850-24745-24660 and the resistance to the up move is at 25120-25257-25320-25540 levels.

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