Further downfall would be seen in Indian Stock Market

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that If Nifty breaches levels of 7600 on downside then Market would see further downfall and exactly same happened. EquityPandit was first to predict the downfall in BankNifty at 17290 levels and all BankNifty package subscribers had generated huge profits till now. Traders, who followed EquityPandit’s advice might have earned huge profits in this downfall. Market saw highs right near EquityPandit’s predicted resistance levels of 7700 for Nifty and 25320 for Sensex like a dot but was not able to hold those levles and fell down sharply from there. BankNifty has seen a sharp breakdown and generated huge profits for EquityPandit’s followers. BankNifty closed right above EquityPandit’s predicted support levels of 16320. Nifty also closed just above EquityPandit’s predicted support levels of 7600. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative with 40-80 points for Nifty and 100-240 points for Sensex. Indian Stock Market, including Nifty, BankNifty and Sensex, all are in negative zone as per EquityPandit’s well-known Mathematical Model. Further downfall would be seen in BankNifty and we can witness levels below 16000 upto 15700-15500 in days to come if Nifty doesn’t holds 7500 levels. Now 7500 levels for Nifty is a make or break level that has maximum open interest. If Nifty breaches levels of 7500, then it would fall sharply upto 7200 levels. Traders, should continue holding remaining short positions in BankNifty to generate huge profits. Every upmove would be an opportunity for traders to go short, without any doubt. Interstingly, FIIs and DIIs were both buyers in Indian Stock Market on Friday. FIIs were net buyers of Rs.253.73 crores whereas DIIs were net buyers of Rs.292.88 crores in last trading session. Nifty would see strong support at 7545-7500-7447-7420 whereas strong resistance would be seen at 7700-7770-7825 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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NSE Nifty: (7610) The support for the Nifty is 7545-7500-7447-7420 and the resistance to the up move is at 7700-7770-7825 levels.

NSE BankNifty: (16342) The support for BankNifty is at 16218-16060-15933-15760 and the resistance to the up move is at 16380-16540-16700-16780 levels.

BSE Sensex: (25044) The support for the Sensex is at 24950-24850-24745-24626 and the resistance to the up move is at 25110-25260-25320-25540 levels.

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