BSE Sensex: (9964) the market traded sideways giving no signs of either direction and in the process generating 9631 as a crucial support to deal with.The support for the Sensex is 9631-9321-8938 and the resistance to the up move is at 10000-10755.

Nifty: (2973) the support for the Nifty is at 2863-2746-2630 and the resistance to the up move is at 2975-3115-3239.

Market is trying to confuse everybody right now, we must remember fundamentals. Market may show some uptime but Don’t forget this is bear market so sell @every jump n stay away because situation will change to bearish mode anytime.

BSE Sensex: (9734) was down yesterday as expected and closed in the negative and below the psychological 10000 mark. The market does not display any signs of strength so far and today also it is expected to see downtime.

The support for the Sensex is 9321-8938 and the resistance to the up move is at 10000.

NSE Nifty: (2893) the support for the Nifty is at 2863-2746-2630 and the resistance to the up move is at 2975.

We will provide some more technical data soon on - what will be the bottom of market ? 

As we assumed in the morning market was seen having downtime today. Market is assumed to see more down time in coming days. As we told bear didnot end and market would again see the previous lows in near future.Metal stocks led the crash followed by oil, telecom, technology, banking and auto stocks. Midcap and small cap stocks were also under pressure.

We already assumed in the morning that first support point would be 9704 for sensex and 2863 for nifty, and the same happened. At the end of the day:

Sensex: 9734.22 ( -385.79 Points down)

Nifty : 2892.65 ( -102.30 Points down )

Market would see some more downtime in coming days. Hope you all sold your stocks and booked profits. Now in coming days you will get opportunity to buy all these stocks at much lower rates. Stay connected to book profits......

Indian Stock Market would see some more downside in coming days.
The support level for the Sensex would be 9704-9321-8938 and the resistance to the up move is at 10300.
Nifty: (2995) the support for the Nifty is at 2863-2746-2630 and the resistance to the up move is at 3050.

As we assumed in the morning that profit booking would be seen at 10763-11402 levels of the sensex, and the same happened. Although the global market was up but no impact was seen on Indian Stock Market as we assumed beforehand. The market would see the downtime again and it would again reach the earlier lows. This is time to book profits by selling the stocks.

  Buy the stocks again at 8500-9000 levels.

Soon we are going to publish the list of stocks to buy for short term and long term profits only on EquityPandit.com . So Guys, stay connected........

BSE Sensex: (10631) the market Still looks up as the support of global stock market and U.S. Election day.Today a good uptime would be seen but not for the longterm.Profit booking around 10760-11400 may take place So market may go down at these levels. The support for the Sensex is 10370 and the resistance to the up move is at 10763-11402.

Nifty: (3142) the support for the Nifty is at 3060 and the resistance to the up move is at 3239-3278.

Sell your stocks at these levels and wait to buy it again for short term profits as market is again assumed to go down. For long term wait and watch, buy between 8000-8700 levels.
Wait for our New EquityPandit.com to be launched where we would post the list of best stocks to buy and the time of buying that stocks to book huge profits.

BSE Sensex: (10338) has managed to close positive and above the psychological 10000 mark. Still looks up. The support for the Sensex is 10110 and the resistance to the up move is at 10527-10763.

Nifty: (3044) the support for the Nifty is at 3000 and the resistance to the up move is at 3083-3115-3239.

Sell @ every up move and stay away. Market will again (surely) touch the bottom i.e. 8100. And as it breaks the bottom of 8100 it may create bottom @ 6500 level as it is the final support.

Hi,

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with regards,

Abhishek Parakh

EquityPandit.com

Market has seen some short covering in this F&O week, as we already posted in our last post. Now Market is going to see some down time in next week. The fear is that, if market breaks the support level of 8320 then market is assumed to see as low as 6500 in this year. And after 6500 there is no support level for market. That may create a big crises. I would suggest you all to wait and watch as market is going to see some more downtime. And if you are really investing for long term, start investing 10-10% of your amount at every downtime of 5-7% of market.