Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market is in positive trend and traders should continue to hold long positions. EquityPandit also predicted that If BankNifty breaches levels of 19000 then market would see a sharp positive movement and exactly same happened. Indian Stock Market moved sharply positive as predicted by EquityPandit and traders who went long in BankNifty as per EquityPandit’s suggestion might have earned huge profits for the day. BankNifty closed right near EquityPandit’s predicted resistance levels of 19176. Finally, Indian Stock Market closed gap positive for the day with Nifty closing right near EquityPandit’s predicted resistance levels of 8605 levels.

Today: Indian Stock Market to open flat. Technically, Market is still in positive trend. The major trendline of resistance for Nifty is at 8800 and BankNifty is at 19400. Nifty if ends this month above 8800 then we could see a sharp bull market in months to come. Traders can continue to hold long positions but can remain cautious near 8800 levels for Nifty and 19400-19500 levels for BankNifty because there is a some probability of short-term reversal from those levels. If Government pushes some reforms in days to come then it would add fuel to the positive fire in the market and we could see new highs in days to come. FIIs were net buyers of Rs.745.81 crores whereas DIIs were net sellers of Rs.98.51 crores in last trading session. Nifty would see strong support at 8570-8540-8470 whereas strong resistance would be seen at 8637-8710-8741 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: ACC, CRISIL, DISHMAN, GICHSGFIN, INOXLEISUR, KTKBANK, NIITLTD.

NSE Nifty: (8608) The support for the Nifty is 8570-8540-8470 and the resistance to the up move is at 8637-8710-8741 levels.

NSE BankNifty: (19168) The support for BankNifty is at 19110-18984-18865 and the resistance to the up move is at 19376-19440-19535 levels.

BSE Sensex: (28446) The support for the Sensex is at 28325-28245-28080 and the resistance to the up move is at 28530-28641-28765 levels.

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