Expect market to go down

According to a report by Dynamic Levels, market is expected to go down.

Dynamic Levels' technical report:

FII and Pro have created huge sell positions on Friday 22nd Sep for 201175. It has been observed by Dynamic research team. In the last 10 days, both FII & PRO have created sell position of 209294 and in Expiry they have created a short position of 167241.

As per past records, if market stays down for consecutive 9-10 days from the date of its recent high, Nifty recent high was on 19th Sep , thus we can be expecting selling till the end of this month. On Friday the Indian Benchmark Index Nifty fell, made a low of 9953 and closed at 9964.

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