Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative in last trading session.EquityPandit predicted that Indian Stock Market can see some profit booking but overall market is still in positive trend. EquityPandit also predicted that traders should hold their long positions until BankNifty doesn’t closes below 18147 level and traders should go long at every dip in the market and exactly same happened. Indian Stock Market moved down sharply and saw lows right near EquityPandit’s support levels of 18069 for BankNifty and 27568 levels for Sensex like a dot. Finally market rebounded from those levels as EquityPandit predicted that market is still in positive trend and every dip in the market is long opportunity for traders. BankNifty closed right below EquityPandit’s predicted resistance levels of 18300 like a dot. Nifty also closed near to EquityPandit’s predicted resistance levels of 8365. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open flat. Greece has missed the deadline for the payment to the International Monetary fund hours. IMF spokesperson said that Greece can now only receive further IMF funding once the arrears are cleared. Now market is lying at the thin line and the direction would be confirmed only by July 5, 2015, the day of referendum. Analysis still remains the same. Today, Indian Stock Market may see some profit booking but overall market is still in positive trend. BankNifty would enter into negative trend, if it breaches spot levels of 18147 on closing basis. Till then, traders can continue to hold their long position. 18147 is an important level for BankNifty on spot basis, below which we have shorting opportunity and above which, traders should go long in the market. Nifty has entered into weekly buying mode and hence overall market is in positive trend on weekly basis. Profit booking can take market near to the levels of 8200-8100 but that would be an excellent opportunity for traders to go long. Overall, market would see a sideways movement between 8100-8490 levels for Nifty for next couple of days. Breaching levels of 8490 would force market to see new highs but before that we would see sharp profit booking taking market near to 8200 levels couple of times. First sign of weakness would be seen, if Nifty closes below 8300 levels. Traders should not take naked position for now and should hedge their position to avoid any kind of risk. FIIs were net sellers of Rs.551.38 crores whereas DIIs were net buyers of Rs.580.59 crores in last trading session. Nifty would see strong support at 8260-8200-8100 whereas strong resistance would be seen at 8380-8446-8490 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8368) The support for the Nifty is 8300-8260-8200-8100 and the resistance to the up move is at 8380-8446-8490 levels.

NSE BankNifty: (18296) The support for BankNifty is at 18060-17950-17800 and the resistance to the up move is at 18300-18500-18640 levels.

BSE Sensex: (27781) The support for the Sensex is at 27568-27450-27300-27200 and the resistance to the up move is at 27720-27970-28071 levels.

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