Stock Market prediction….

images (1)Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone but some positive movement can’t be ruled out. Market has formed a Doji pattern that suggest that traders can go short below 8750 levels. Market would see sharp downfall if it breaches levels of 8688 for Nifty on the negative side. Traders can short below 8750 with strict stoploss of 8850 for Nifty on spot basis. Market would continue to consolidate as of now and closing below 8688 would force market to see a breakdown for short term. Indian Stock Market would enter into positive zone once it closes above 8800 levels for Nifty and 20080 levels for BankNifty on spot basis. Market would see sharp breakout once it breaches EquityPandit’s resistance of 8850 for Nifty. Follow strictly before taking any trading decisions in the market. FIIs were net buyers of Rs.660.59 crores whereas DIIs were net sellers of Rs.213.13 crores in cash market for last trading session. Nifty would see strong support at 8700-8688-8665-8630-8600 whereas strong resistance would be seen at 8800-8830-8850-8900 levels. Since,support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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