Market Will See Sharp Downfall Today, Hold Short positions as of Now

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day with just 0.5 points positive for Nifty. EquityPandit predicted that market would see short covering rally (Positive Rally) but traders should continue short-selling in the market at every positive rally and exactly same happened. Market saw sharp short covering rally but couldn’t sustain the higher levels and saw a sharp downfall. Traders, who followed EquityPandit’s advice to go short might have earned huge profits for the day. Nifty saw strong support near EquityPandit’s predicted support levels of 7715. BankNifty also saw lows right near EquityPandit’s predicted support levels of 16380 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative with 50-100 points for Nifty and 120-200 points for Sensex. Technically, Indian Stock Market is still in negative zone and traders should hold short positions as of now. Indian Stock Market would see sharp downfall today and traders should continue short-selling in the market. Nifty would see strong support at 7700-7680-7610-7550 whereas strong resistance would be seen at 7800-7850-7888-7926 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: (7741) The support for the Nifty is 7700-7680-7610-7550 and the resistance to the up move is at 7800-7850-7888-7926 levels.

NSE BankNifty: (16433) The support for BankNifty is at 16255-16200-16129-16012 and the resistance to the up move is at 16525-16640-16700-16780 levels.

BSE Sensex: (25406) The support for the Sensex is at 25256-25012-24850 and the resistance to the up move is at 25510-25635-25790-25885 levels.

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