How can Market React Today.

Indian Market Still Bullish Until It Holds Above 11980

 

Last Trading Session: Indian Stock Market opened gap positive. MystockMoney predicted that market is bullish and traders can go long at every dip in the market and exactly the same happened. Indian Stock Market opened gap positive but saw strong resistance at MystockMoney’s predicted resistance levels of 41180 for Sensex and was not able to sustain higher levels. BankNifty saw record highs today as predicted. Market saw sharp profit booking from there. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone and traders should continue to go long at dips in the market until it holds above 11980 for Nifty and 31600 for BankNifty. Market may see some profit booking as it is near lifetime highs but overall market is bullish and traders should go long at every dip in the market until it holds above the MystockMoney predicted reversal levels.

Nifty:

n17

BankNifty:

b17

FIIs were net buyers of Rs.728.13 crores whereas DIIs were net sellers of Rs.796.38 crores in cash market for last trading session. Nifty would see strong support at 12035-12000-11940-11905 whereas strong resistance would be seen at 12105-12150-12188-12240 levels. Since, MystockMoney’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Nifty: (12054) The support for the Nifty is 12035-12000-11940-11904 and the resistance to the up move is at 12108-12154-12194-12240 levels.

BankNifty: (31974) The support for BankNifty is 31860-31730-31600-31500 and the resistance to the up move is 32136-32240-32390-32460 levels.

 

PCR at 1.43 VIX 13.42

Still in F&O Ban: Yes Bank

Sectors:
Positive: Metals n PSU buy on dips, Pharma

Buy NIIT Tech Futures:
SL 1465 TARGET 1495, 1510,1528,1548
Board Meet on 23rd Dec. to consider Buyback

Buy Kotak Mahindra Bank Futures:
SL 1695 Tgt 1720, 1730
Strong stock, Morgan Stanley raises the target to 1900/-

How can Market React Today

Market Still Bearish, Go Short At Positive Movement Until Nifty Holds Below 12170

The MPC policy meetings status-quo decision shocked the street negatively. An unexpected outcome of this event has disturbed the short term trend of the market and hence traders should take due care while adding long or short positions. Technically, we are in a range bound zone between the levels of 12160 and 11930 and Nifty would most likely again fall back to 11930, if it trades below 11960. On the higher side, until the market is not crossing the level of 12170, the bullish trend should remain suspicious. Strategy should be to be a buyer at the lower range, and a seller at the upper range, keeping a SL of 40 points for both the cases. However, a break below 11930 would be negative for the market as in that case the Nifty would fall to 11800 levels.

 

Last Trading Session: Indian Stock Market opened flat with positive bias. Mystockmoney predicted that market would be considere bearish until Nifty holds below 12105 and until then traders should go short at every positive rally in the market and exactly same happened. Indian Stock Market moved sharply positive but was not able to hold higher levels and saw sharp profit booking from there. Market saw strong resistance near Mystockmoney’s predicted resistance levels of 40995 for Sensex and 31713 for BankNifty. Market saw a sharp downfall from there. Traders, who followed Mystockmoney’s suggestion might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open positive. Analysis would remain same. Indian Stock Market is still in negative zone. Some short covering positive movement would be seen but market is still bearish and traders should continue to go short at every positive rally. Market would enter into positive zone only if it closes above 12105 for Nifty and 32059 for BankNifty. Traders should initiate long only if market closes above these levels but until then traders should continue to go short at every positive movement in the market.

 

NIFTY

6N

FIIs were net buyers of Rs.653.36 crores whereas DIIs were net sellers of Rs.410.49 crores in cash market for last trading session. Nifty would see strong support at 12000-11940-11905-11880 whereas strong resistance would be seen at 12065-12105-12150-12188 levels. Since, Mystockmoney’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

Nifty: (12018) The support for the Nifty is 12000-11940-11905-11880 and the resistance to the up move is at 12065-12105-12150-12188 levels.

 

NSE BankNifty: (31712) The support for BankNifty is 31600-31500-31455-31365 and the resistance to the up move is 31835-31880-31960-32035 levels.

 

PCR at 1.54 VIX 14.31

Still in F&O Ban: Yes Bank

Sectors:
Negative: Auto

Stock of the Day:
Sell Maruti Futures:
SL 7075 Tgt 6950, 6900, 6850
Maruti to recall 1 lac hybrid cars

Aaj Ka Hero:
Sell Tata Motors Futures:
SL 173 Tgt 164, 162, 160
Weak JLR sales nos. Tata sons warrant issue at lower price 150/-

How Can market React Today

Market Bearish Until Nifty Holds Below 12105, RBI Monetary Policy Today

 

Last Trading Session: Indian Stock Market opened negative exactly as predicted by MystockMoney. Market moved sharply negative as predicted but saw strong support at MystockMoney’s predicted support levels of 11940 for Nifty. Market recovered sharply from lows and managed to close gap positive for the day.

Today: Indian Stock Market would open flat. Indian Stock Market is still in negative zone. Traders should continue to go short at every positive rally in the market until market closes above 12120-50 for Nifty and 32060-150 for BankNifty. RBI Monetary Policy would be disclosed today and would affect the direction of Indian Stock Market for the day. Traders can initiate fresh long positions only if market closes above 12120 for Nifty and 32060  for BankNifty but until then market would be considered bearish.

NIFTY

nifty5

BANKNIFTY

ban5

FIIs were net sellers of Rs.781.06 crores whereas DIIs were net buyers of Rs.904.13 crores in cash market for last trading session. Nifty would see strong support at 12000-11940-11905-11880 whereas strong resistance would be seen at 12105-12150-12188 levels. Since, MystockMoney’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Nifty: (12043) The support for the Nifty is 12000-11940-11900-11880 and the resistance to the up move is at 12105-12150-12198 levels.

BankNifty: (31979) The support for BankNifty is 31860-31712-31600-31500 and the resistance to the up move is 32035-32110-32250-32380 levels.

PCR at 1.44 VIX 13.22

Sectors:
Positive: Metals, Banks, Telecom

Still in F&O Ban: Yes Bank

Buy SAIL Futures:
SL 38.75 Tgt 40.75, 41.75

ONE CAN BUY 40CE FOR 1-2 RUPEE  TARGET
November Sales up 36%, Strong outlook

How Can Market React Today

Indian Stock Market Enters Into Negative Zone, Go Short At Every Positive Movement untill spot not close above 12150

 

Last Trading Session: Indian Stock Market opened flat for the day. Mystockmoney predicted that market would see some profit booking and traders should close all long positions and initiate fresh short positions if Market breaches 12040 for Nifty and below 31700 for BankNifty and exactly same happened. Indian Stock Market moved sharply negative as predicted by Mystockmoney. BankNifty saw lows right at Mystockmoney’s predicted support levels of 31500 like a dot. Finally, Indian Stock Market closed gap negative for the day as predicted.

Today: Indian Stock Market would open Flat. Indian Stock Market including Nifty, BankNifty and Sensex have entered into negative zone. Now traders should hold short positions or go short at every positive movement in the market. Market would remain bearish until it holds below 12140-50 for Nifty and 32070 for BankNifty. No long positions should be taken until market closes above these levels.

Nifty:

bl1

FIIs were net sellers of Rs.1131.12 crores whereas DIIs were net buyers of Rs.1717.96 crores in cash market for last trading session. Nifty would see strong support at 11940-11880-11835 whereas strong resistance would be seen at 12035-12070-12120-12150 levels. Since, Mystockmoney’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Nifty: (11994) The support for the Nifty is 11940-11880-11818 and the resistance to the up move is at 12035-12070-12120-12150 levels.

BankNifty: (31613) The support for BankNifty is 31340-31270 and the resistance to the up move is 31780-31880-31880-31940 levels.

PCR at 1.31 VIX 14.56

Sectors: View
Negative: Metals, NBFC

Enters F&O Ban: Yes Bank

Stock of the Day:

Sell JSPL Cash:
SL 152 Tgt 146, 144, 141
Trade deal tension negative for metal stocks

Aaj ka Hero:

Buy ICICI Bank Cash in 496-506 range:
SL 493 Tgt 520, 525
Big upgrades from FII after analyst met. Morgan Stanley target 775

Listing Preview:
CSB Bank IPO:
Expect strong listing around 250
Short term investors may book profit, else can hold with a stop loss of 235 for further gains

How Can Market React Today

 

Market To See Profit Booking But Initiate Short Only If Nifty Closes Below 12000

Last Trading Session: Indian Stock Market opened flat with negative bias as predicted by MystockMoney. MystockMoney predicted that Indian markets are at record highs and some profit booking can be seen anytime but traders should continue long until Nifty holds above 12012 for Nifty. Indian Stock Market saw sharp profit booking as predicted but managed to close above MystockMoney’s predicted reversal levels of 12012 for Nifty. Finally Indian Stock Market closed gap negative for the day.

 

Today: Indian Stock Market would open Positive. Technically, Indian Stock Market is still in positive zone. Market would enter into negative zone once it closes below 12012 for Nifty and 31690 for Banknifty. Market would see further profit booking and if it manages to close below above given reversal levels then traders should close all long positions and initiate fresh short positions. But until then traders should wait and watch or continue to hold long positions.

 

Nifty:

FIIs were net sellers of Rs.1892.29 crores whereas DIIs were net buyers of Rs.953.62 crores in cash market for last trading session. Nifty would see strong support at 12014-11980-11944-11900, whereas strong resistance would be seen at 12105-12150-12188 levels. Since, MystockMoney’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

Nifty: The support for the Nifty is 12035-12000-11940-11904 and the resistance to the up move is at 12100-12154-12192 levels.

 

NankNifty: (31946) The support for BankNifty is 31870-31730-31600-31500 and the resistance to the up move is 32035-32110-32240 levels.

For New Positions:

Buy Nifty in 11950-12025 range:
SL 11900 Target 12075, 12100, 12125

Sell Nifty in 12125-12150 range:
SL 12200 Target 12075, 12050

Buy BankNifty near 31750:
SL 31500 Target 31900, 32100, 32250

Sell BankNifty near 32150-31250 range:
Only for aggressive traders with a strict stop loss
SL 32300 Target 32000, 31900, 31750

 

 

Sensex: (40794) The support for the Sensex is 40715-40660-40600-40540 and the resistance to the up move is at 40880-40995-41035-41110 levels

 

PCR at 1.54 VIX 13.90

Sectors:
Positive: Telecom, Banks

No stock in F&O Ban

 

CSB Bank Limited IPO (CSB Bank IPO) Detail and Allotment Status

CSB Bank Limited IPO (CSB Bank IPO) Detail and Allotment Status

Incorporated in 1920, Kerala based CSB Bank Ltd, formerly known as Catholic Syrian Bank, is one of the oldest private sector banks in India. The bank has a significant presence in Kerala, Karnataka, Tamil Nadu and Maharashtra. CSB Bank Ltd has four business areas, which are:

 

1.SME Banking:

Under SME Banking, the bank offers banking services to vendors, allied businesses, agriculture, financial institutions, and dealers of corporates.

The products offered to this category include working capital loans, letters of credit, term loans, bank guarantees and invoice/bill discounting.

  1. Retail Banking:
    Under the Retail Banking category, the bank offers retail lending and deposit products to retail and NRI customers.

The lending products include vehicle loans, gold loans, loans against properties, education loans, agricultural loans, personal loans and housing loans to retail and NRI customers.

The deposit products include corporate salary accounts, recurring deposits, savings accounts, current accounts, and fixed deposits.

  1. Wholesale Banking:
    CSB Bank fulfils business needs of large & mid-size corporates, and business entities of Rs 250+ million and more credit requirement under Wholesale Banking category.
  2. Treasury Operations:
    Under Treasury Operations, the bank deals with asset-liability management, statutory reserves management, trading & investment of securities, foreign exchange, and liquidity management activities.

This category is aimed to maintain liquidity requirement to comply with the CRR (Cash Reserve Ratio) and SLR (Statutory Liquidity Ratio), which are RBI Mandates.

The company also has a contractual arrangement to distribute life insurance products of HDFC, Edelweiss Tokio, and ICICI Prudential Life Insurance Company Ltd and general insurance products of Reliance General Insurance Company Ltd.

The bank has 1.3 million customers, which are majorly from Retail, SME and NRI segments. It has a wide product and services range which are delivered through multiple channels such as 277 ATMs, 414 branches and other micro ATMs, internet banking, debit cards, mobile banking, UPI and POS (Point of Sale). CSB Bank has a presence across 16 states and 4 UTs (Union Territories).

Please Note: All the information as on 31st March 2019.

In the year 2018, Watsa's Fairfax India Holdings (FIH) Corporation has acquired CSB Bank with 51% stake (around Rs 440 cr). Currently, the bank is focussing on a new business model to work as a full-service new age private sector bank with the help of its promoter, FIH Mauritius Investments Ltd (FIHM).

Competitive Strengths

 

  • Strong network and well-known brand in South India
  • Significant capital base
  • Established SME business model
  • Major portion of gold loans in portfolio
  • Prudent risk management controls, policies, and procedures

Key Risks

  • Increase in NPA may impact earnings
  • Managing asset quality in given current stressed scenario particularly in corporate/SME portfolio
  • Volatility in gold prices may impact financials
  • Promoter Fairfax (FIHM) will have to dilute 50.1% stake to 15% over the coming 15 years which may create an overhang in the long term

Company Promoters:

The Promoter of the Bank is FIH Mauritius Investments Ltd ("FIHM").

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ in Million)
30-Sep-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 1,73,232.58 1,64,534.60 1,53,346.62 1,57,700.26
Total Revenue 8,167.14 14,834.33 14,222.26 16,174.96
Profit After Tax 442.72 (656.89) (1,270.88) (579.91)

Objects of the Issue:

The objects of the Offer are:

  1. To augment Bank's Tier-I capital base to meet the Bank's future capital requirements;
    2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and Offer for Sale.

CSB Bank IPO Details

Issue Open Nov 22, 2019 - Nov 26, 2019
Issue Type Book Built Issue IPO
Issue Size 21,021,821 Eq Shares of ₹10
(aggregating up to ₹409.68 Cr)
Fresh Issue 1,243,523 Eq Shares of ₹10
(aggregating up to ₹24.00 Cr)
Offer for Sale 19,778,298 Eq Shares of ₹10
(aggregating up to ₹385.68 Cr)
Face Value ₹10 Per Equity Share
Issue Price ₹193 to ₹195 Per Equity Share
Market Lot 75 Shares
Min Order Quantity 75 Shares
Listing At BSE, NSE

CSB Bank IPO Tentative Date / Timetable

Bid/Offer Opens On Nov 22, 2019
Bid/Offer Closes On Nov 26, 2019
Finalisation of Basis of Allotment Dec 2, 2019
Initiation of Refunds Dec 3, 2019
Credit of Shares to Demat Acct Dec 3, 2019
IPO Shares Listing Date Dec 4, 2019

CSB Bank IPO Lot Size and Price (Retail)

Application Lots Shares Amount (Cut-off)
Minimum 1 75 ₹14,625
Maximum 13 975 ₹190,125

CSB Bank IPO Promoter Holding

Pre Issue Share Holding 50.09%
Post Issue Share Holding 49.7%

Note:

  • The Anchor Investors bidding date shall be 21st Nov, 2019
  • Investors Portion: QIB=75% of the offer, NIB=15% of the offer and Retail=10% of the offer

CSB Bank IPO Subscription Status (Bidding Detail)

CSB Bank IPO how much subscribed?
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time QIB  NII  RII  Total 
Shares Offered 6,302,721 3,151,360 2,100,906 11,554,987
Nov 26, 2019 19:48 62.18x 164.68x 44.46x 86.91x

 

THESE COMMON MISTAKES ARE BIGGEST ENEMIES OF YOUR PORTFOLIO

  • 1. KNOW ABOUT THE COMPANY’S BUSINESS:

Do not buy share without knowing business of the company.  Know about the company’s business and then buy the share. Research the stock before trading not after.

Investigate all about the company’s 10 year background before buying share. Keep watching the company’s market performance is it in Profit or in loss. Always keep stocks in front of your eyes.

five-things-you-need-to-know-about-your-companys-941-payments-ch
  • 2. DO NOT BUY BAD QUALITY’S SHARE:

Do not buy those shares that are not doing well Perform in the stock market. Buy those shares given good performance in bad market. Avoid those stocks which are cheap but always give their bad performance in the market.

For example: A share is worth 1000 and falling is 5 rupees.

qtq80-8spYKr
  • 3.  NO DIVERSIFICATION:

MEANING OF DIVERSIFICATION: Diversification is a technique that reduces risk by allocating investments among various financial instruments, industries, and other categories. It aims to maximize returns by investing in different areas that would each react differently to the same event. Don’t buy shares of same sector.

Why You Should Diversify: Let's say you have a portfolio of only airline stocks. If it is announced that airline pilots are going on an indefinite strike and that all flights are canceled, share prices of airline stocks will drop. That means your portfolio will experience a noticeable drop in value.

1
  • 4.  MUCH MORE DIVERSIFICATION:

Don’t put all your eggs in one basket. It restricts the damage to   your financial well being in case one asset class or instrument   goes for a tailspin. For example, equities crashed by 39% during 2008-9.

If you had a goal maturing that year and were depending largely on stock investments, it would have been a disaster. However, if you had spread your investments across equity, debt, cash and gold, the portfolio would have given an average return of 0.68% (see graphic).

This is because of the stellar performance by gold (up 24%) and stable returns from debt and cash during that year.

The situation reversed the next year, with equities rising  94% and all other asset classes giving lackluster returns. Even so, the diversified portfolio managed to generate 27% returns that year. Keep as many shares in the  portfolio as you can handle.

Q1-L-pre
  • 5. INVEST MORE MONEY THAN YOU CAN AFFORD:

Investing is not saving. There's a significant difference between saving and investing. The short explanation is that saving is putting money aside in a safe place where it stays until you want to access it in a few days, a few months, or even several years.

Investing is the process of putting your money to work for you. When done properly, it can typically make more money for you than the interest you might earn in a nice, safe savings account or certificate of deposit. But with reward comes risk. If you make poor choices or even if things beyond your control go wrong, you could lose that money.

There's a natural human tendency to want to overreach, to put in more money than you can afford and go for a huge payout and that brass ring. This trait tends to become magnified; the more desperate someone is for money. He harbors the hope that hitting the jackpot will make all his problems go away. Many people below the poverty line are playing the lottery, but not many executives drop their money on tickets.

Your first goal should always be to avoid major losses.

  • Don't get greedy
  • Be patient
  • Seek the advice of qualified, well-regarded advisors
  • Keep your costs low
1_investing-with-little-money-648x364-c-default
  • 6. DO NOT INVEST BORROW MONEY IN MARKET:

Borrowing money to invest in the stock market is a terrible idea for a regular investor. If you’re a genius investor, maybe you can make some profit, but I know it’s not the right move for me. Unfortunately, there are many ways to go into debt to invest.

There are many other bad ways to borrow money to invest. You can get a home equity loan, borrow from friends and family, and more.

I think all these are bad plans. If you do any of these, you’re thinking only about the short term gain.

 

The stock market is much more reliable to make money over a long period of time. When you have to pay back the debt in a set amount of time, you’ll be in a rush and take more risks.

When you’re in a schizophrenic stock market, it can be very difficult to make enough profit to beat the interest rate. Personally, I avoid borrowing money to invest in the stock market at all costs.

I know that my risk tolerance is not high enough to do that. So don’t invest borrow money in market.

lending-money-dollars-shutterstock_176062220
  • 7. DO NOT BECOME EMOTIONALLY ATTACHED TO STOCKS:

Being too emotionally attached to your company's stock can also lead to an over-concentration and a lack of portfolio diversification. Perhaps your stock was granted to you as part of your compensation, which makes it difficult to view it objectively.

True emotional investors are ones who are swayed by financial news, get freaked out when their stocks dip, and are constantly on the phone to their advisors to get reassurance or advice.

Those who are emotionally attached to their company stock usually aren’t like this. In their minds, it’s inextricably tied to the years of work they put in at their company and to sell it means to negate everything they did to build their career. If they own a significant amount of shares of a company they helped build, this attachment is especially strong.

How do we control on emotions ?

Follow these five day trader's tricks if you have problems controlling your emotions.

  1. Take a walk after each trade. ...
  2. Find out the least volatile hour of the trading session. ...
  3. Stop trading after three consecutive wins or losses. ...
  4. Don't look at your profit and loss while you are trading. ...
  5. Ask yourself: “Am I scared?
  • 8. WANT TO EARN MORE MONEY IN LESS TIME:

Several investors make quick and hasty decisions with every small movement in the price of their investments. They want to earn money in less time but it is very risky . Moreover, another stock market tip that investors forget to adhere to is taking the time to do their research and due diligence before making their share market investment decisions.

Determining the financial objectives prior to investing and focusing on both short-term as well as long-term objectives will help investors enjoy maximum returns on their stock market investments. Thinking of earning more money can be harmful.

tm-planning-4086860_1280-1024x512
  • 9. AVERAGING THE FALLING SHARE:

Averaging down is an investment strategy that involves buying more of a stock after its price declines, which lowers its average cost.

Buying more shares at a lower price than what you previously paid is known as averaging down, or decreasing the average price at which you purchased a company's shares.

lessons-from-trading-on-yes-bank

IRCTC IPO allotment status announced. Check here now

CLICK HERe

  • Investors can now check the status of IRCTC IPO allotment online
  • IRCTC IPO was subscribed 112 times

Investors who had applied for IRCTC IPO can check the allotment status at  by entering their PAN or application number. The registrar of the IRCTC IPO, mystockmoney Assignments, handled share allotment and will also process the refunds. As compared to 2.02 crore shares on offer from IRCTC in the IPO, investors bid for 225 crore shares of IRCTC. After the IPO, the government's stake in IRCTC will come down to 87.4%.

IRCTC shares are likely to get listed on both BSE and NSE on 14th October. And according to news reports, IRCTC shares are changing hands at a hefty premium in the grey market, indicating strong listing gains.

The retail segment of IRCTC IPO was subscribed nearly 15 times. In case of an over-subscription of an IPO, allotment happens as per predefined rules.

The total number of shares available for retail investors is divided by the minimum lot size, which in IRCTC's case was 40. This determines the maximum number of applicants who will receive allotment. If the number of applicants are more than this, a lottery is held.

Many brokerages had recommended subscribe to the IRCTC IPO, citing its monopolistic nature of business, attractive valuation, and a good dividend pay-out track record of the company. Analysts also said that the recent corporate tax cut and restoration of service charges on ticket bookings will also benefit IRCTC's earnings.

IRCTC is authorised by Railways to offer train tickets online, offer catering service and exclusively manufacture and supply packaged drinking water at railway stations and on trains in India.

INVESTING and TRADING RULES TO IMPROVE YOUR INVESTMENT/TRADING SKILLS.

Here are some investment rules which will help you all and improve your skill of investing:

Due to the volatile nature of stock market there is no
Guaranteed method to make profits with Stock Market. However you may enhance
your profitability by following few or all of the below tips.

1 - Keep yourself abreast of the main global and domestic
market developments to get an idea of where our economy is heading.

2 - Be updated of risk/reward associated with making investment in particular asset class or classes and decide on your risk appetite.

3. Buy stocks boasting of consistent and predictable earnings growth that have potential of generating returns beating inflation.

4. Diversify across asset classes to reduce the likely ill-impact of adverse market movements as all the asset class do not perform in similar fashion at a given period of time.

5. Invest in stocks/companies which participate in India’s growth story.

6. Review investment decisions periodically, enabling to come out of non-performing assets and invest into performing assets.

7. Make exit an independent decision which should not be driven by profit and loss considerations.

8. Use period of extreme optimism to exit and extreme pessimism to buy stocks.

9. Choose good investment stocks and avoid investment in penny and unlisted stocks.

10. Stop loss though a foe is essential to minimize risk, hence, always opt for it while trading/investing.

If you think it is helpful to others than you can share it with your Friends also.

If you like you can also join my telegram channel link given below

How Can Indian Market React Today

Market Enters Into Negative Zone, Go Short At Every
Rally In The Market

Last Trading Session: Indian
Stock Market opened flat for the day as predicted. MystockMoney predicted that
market would see further correction and breaching 12000 levels would induce
further selling in the market. MystockMoney also predicted that market would
enter into negative zone if it closes below 11877 levels for Nifty and same
happened. Indian Stock Market moved sharply negative and saw lows right at MystockMoney’s
predicted support of 11830 for Nifty like a dot. Finally, Indian Stock Market
closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian
Stock Market, including Nifty, BankNifty and Sensex have entered into negative
zone. Now market would remain bearish for now and traders can go short at every
positive rally in the market until Nifty holds below 12082. Next logical target
for Nifty is 11760-11680-11628 levels in days to come. Overall market is
negative and every positive movement would be an opportunity to go short in the
market.

FIIs
were net sellers of Rs.1448.99 crores whereas DIIs were net sellers of
Rs.650.84 crores in cash market for last trading session. Nifty would see
strong support at 11748-11700-11655-11614 whereas strong resistance would be
seen 11883-11960-12041-12083 levels. Since, MystockMoney’s support and resistance
levels always meet accuracy; hence traders are suggested to follow them for
good profits.

Stocks In F&O Ban Period: DHFL,
IDBI and PCJEWELLER.

Nifty: (11844) The support for the Nifty is 11760-11700-11652-11612 and the resistance to the up move is at 11880-11940-12040-12082 levels.

BankNifty: (30857) The support for BankNifty is at 30700-30622-30560-30340 and the resistance to the up move is at 30980-31084-31145-31200 levels.

Note: All
our Premium paid subscribers earn very good daily profits irrespective of any
market direction. If you wish to subscribe for premium packages or have any
queries, kindly contact us or mail us at support@MystockMoney.in or
call our Executive at 7023543777.

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