Indian Market To See Sharp Downfall, Go Short At Every Positive Movement

Last Trading Session: Indian Stock Market opened negative as predicted. EquityPandit predicted that the market would see profit booking and exactly the same happened. EquityPandit also predicted that traders should initiate short positions below 10001 levels for Nifty. Indian Stock Market moved positively but saw strong resistance right at EquityPandit’s predicted resistance levels of 21240 levels for BankNifty like a dot. Market fell down sharply from there and breached EquityPandit’s predicted reversal levels. As suggested yesterday, traders might have closed all long positions and initiated fresh short positions in the market. Finally, Indian Stock Market closed the gap negative for the day. Market closed right at EquityPandit’s predicted resistance levels of 9903 levels for Nifty and 33530 levels for BankNifty like a dot.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex have entered into negative zone. Now, the market would see a sharp negative rally. EquityPandit predicted yesterday to initiate fresh short in the market and traders who followed EquityPandit’s suggestions to close long positions and initiate fresh short positions in the market would reap whopping profits today. Market would continue to see a downtrend in upcoming days. For now, traders should go short at every positive movement in the market. Also today, there is the supreme court hearing on loan moratorium, which may affect banking sector sharply if decision not in their favor. Banks may see recovery if interest is not waived off.  This is the Best Time To Invest In 12 Multibagger Stocks discovered by Equitypandit at such low prices that would create huge wealth for Investors. Grab This Report at https://equitypandit.com/covid-multibagger/

Nifty:

BankNifty:

Check the Trend Of Major Indices and Stocks

FIIs were net sellers of Rs.805.14 crores whereas DIIs were net sellers of Rs.874.35 crores in the cash market for the last trading session. Nifty would see strong support at 9775-9600-9508-9380 whereas strong resistance would be seen at 9940-9980-10028 levels. EquityPandit’s support and resistance levels always meet accuracy and hence traders are suggested to follow them for good profits.

Important Results To Be Disclosed Today: Castrol India, Eicher Motors, Hindalco Industries, Mahindra & Mahindra and Suprajit Engineering.

NSE Nifty: (9902)  The support for the Nifty is 9775-9600-9508-9380 and the resistance to the up move is at 9940-9980-10028 levels.

NSE BankNifty: (20525) The support for BankNifty is 19935-19730-19580-19211-19118 and the resistance to the up move is 20780-20920-21060 levels.

BSE Sensex: (33538) The support for the Sensex 33110-32880-32618-32370 and the resistance to the up move is at 33675-33888-34067-34240 levels.

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