Market To See Further Downfall, Continue Short Until Nifty Closes Above 8630

Last Trading Session: Indian Stock Market opened negative exactly as predicted by EquityPandit. EquityPandit predicted that market would see some correction until Nifty closes above 8678 and exactly same happened. Indian Stock Market moved sharply negative for the day. 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, BankNifty has already entered into negative zone whereas Nifty is still in positive zone. Nifty would enter into negative zone once it closes below 8117. Overall, the whole global market is under pressure due to Corona virus spread and revival is not seen in near future. As already stated earlier, market would continue to see downfall and would remain in a range for next few days. Swing traders can go short at every positive movement in the market. As suggested earlier, Investors can wait for further downside to invest into the bluechip stocks.

Nifty:

BankNifty:

Check the Trend Of Major Indices and Stocks

FIIs were net sellers of Rs.1116.79 crores whereas DIIs were net sellers of Rs.450.36 crores in cash market for last trading session. Nifty would see strong support at 8180-8124-8000 whereas strong resistance would be seen at 8288-8350-8414-8564 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8254) The support for the Nifty is 8180-8124-8000-7880 and the resistance to the up move is at 8288-8350-8414-8564 levels.

NSE BankNifty: (18208) The support for BankNifty is 18025-17880-17700-17440 and the resistance to the up move is 18390-18532-18675-18880 levels.

BSE Sensex: (28265) The support for the Sensex is 28075-27785-27480-27240 and the resistance to the up move is at 28540-28760-28880-29075 levels.

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