Traders Should Either Go Short Or Hold

Published 28-07-2015, 11:03 am

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Nifty would continue to see further down trend and hence traders are suggested to go short in the market and exactly same happened.

Traders, who followed EquityPandit's advice might have earned huge profits of the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative for the day. Technically, Analysis would still remain same and Indian Stock Market is still in negative trend. Trade is only in short side. The only trade as of now for traders is to either go short or hold short positions in the market. The next logical target for Nifty is 8250 and Bank Nifty is 18000.

FIIs were net sellers of Rs.859.94 crores whereas DIIs were net buyers of Rs.238.66 crores in last trading session. Nifty would see strong support at 8315-8244-8200 whereas strong resistance would be seen at 8410-8450-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Important Results To Be Declared Today: Bank of India (NSE:BOI), Dish TV India Limited (NSE:DSTV),HDFC Bank Limited (NSE:HDBK), IDBI Bank Ltd (NSE:IDBI), Maruti Suzuki India Ltd. (NSE:MRTI), Pidilite Industries Ltd. (NSE:PIDI), Punjab National Bank (NSE:PNBK), Syndicate Bank (NSE:SBNK), Spicejet Ltd (BO:SPJT), Taj GVK Hotels & Resorts (NSE:TAJG), Tata Communications Limited (NSE:TATA), Tidewater Inc (NYSE:TDW) and Union Bank of India (NSE:UNBK) .

NSE Nifty: (8361) The support for the Nifty is 8315-8244-8200 and the resistance to the up move is at 8410-8450-8500 levels.

NSE BankNifty: (18213) The support for BankNifty is at 18080-17980-17800 and the resistance to the up move is at 18320-18410-18560 levels.

BSE Sensex : (27561) The support for the Sensex is at 27360-27140-27030 and the resistance to the up move is at 27710-27850-27940 levels.

---

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.