Market Entered Negative Zone, Trade is to short at every positive rally

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit already predicted that sharp profit booking (Negative Movement) would be seen today. EquityPandit also predicted that Market would see a sharp breakout or breakdown now and if Nifty breaches levels of 7895, then we sharp downfall would be seen and exactly same happened. Traders, who followed EquityPandit’s advice might have earned whooping profits for the day. Nifty breached levels of 7895 and saw lows right near EquityPandit’s predicted support levels of 7775. BankNifty also breached levels of 16820 and saw lows right near EquityPandit’s predicted support levels of 16560. Finally, Indian Stock Market closed gap negative for the day exactly as predicted by EquityPandit.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex have entered into negative zone. Some short covering rally (Positive Rally) can be seen today but the trade is to go short at every positive movement in the market. FIIs were net sellers of Rs.667.15 crores whereas DIIs were net sellers of Rs.222.79 crores in last trading session. Nifty would see strong support at 7775-7730-7715-7700 whereas strong resistance would be seen at 7850-7888-7926-7980 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: (7791) The support for the Nifty is 7775-7730-7715-7700 and the resistance to the up move is at 7850-7888-7926-7980 levels.

NSE BankNifty: (16599) The support for BankNifty is at 16514-16380-16255-16200 and the resistance to the up move is at 16640-16700-16780-16940 levels.

BSE Sensex: (25623) The support for the Sensex is at 25540-25445-25365 and the resistance to the up move is at 25790-25885-25936-26016 levels.

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