Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8643 like a dot. Market saw a sharp rebound trapping all short and finally, closed in gap positive for the day.

Today: Indian Stock Market would open flat with positive bias for the day. Technically, Indian Stock Market is still in negative zone but BankNifty if closes above 19110 levels then it would again enter into positive trend. Till then market is still negative and we could see some consolidation in this range. Nifty, if stays above levels of 8645 levels then we could see levels of 8737-8800 in days to come but if Nifty doesn’t hold 8645 then a sharp downfall is intact. FIIs were net buyers of Rs.450.32 crores whereas DIIs were net sellers of Rs.351.77 crores in last trading session. Nifty would see strong support at 8567-8540-8470 whereas strong resistance would be seen at 8659-8670-810-8737 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: ALSTOMT&D, BAJAJ-AUTO, BIOCON, DHFL, GAIL, GRANULES, HIMATSEIDE, INDIANB, L&TFH, LUPIN, RALLIS, STRTECH, TTKPRESTIG and UNITED SPIRITS.

NSE Nifty: (8634) The support for the Nifty is 8567-8540-8470 and the resistance to the up move is at 8659-8670-810-8737 levels.

NSE BankNifty: (18997) The support for BankNifty is at 18865-18734-18610-18533 and the resistance to the up move is at 19110-19376-19440 levels.

BSE Sensex: (28504) The support for the Sensex is at 28325-28245-28080 and the resistance to the up move is at 28550-28641-28765 levels.

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