Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. EquityPandit predicted that market would see profit booking at this point of time. EquityPandit also predicted that market would move in small range for timebeing and exactly same happened. Indian Stock Market saw some profit booking, exactly as per EquityPandit’s prediction. Nifty moved in a very small range of just 25 point for the whole day. Sensex also saw strong support right at EquityPandit’s predicted support levels of 27200. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market doesn’t looks to sustain the levels and would fell down sharply. Nifty would enter into negative zone once it closes below 8230 and it is already near to those levels. Nifty would see a sharp down fall and enter into negative zone which would be followed by Bank Nifty. Bank Nifty if closes below 17690 levels, then we could see sharp downfall in the market. Traders should wait for these levels to be breached and then enter into short positions. FIIs were net buyers of Rs.9.5 crores whereas DIIs were net sellers of Rs.165.45 crores in last trading session. Nifty would see strong support at 8200-8180-8150-8100 whereas strong resistance would be seen at 8250-8297-8347-8372 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 disclosed today: Amara Raja, Ambujacem, Dabur, Exide, Jet Airways, JK Tyre, JSW Energy, Justdial, MCX, Pidilite, Raymond, Sun TV, Syndicate Bank, Tata Elxsi and Torrent Power.

NSE Nifty: (8233) The support for the Nifty is 8200-8180-8150-8100 and the resistance to the up move is at 8250-8297-8347-8372 levels.

NSE BankNifty: (17806) The support for BankNifty is at 17770-17690-17660-17500 and the resistance to the up move is at 18000-18120-18220-18380 levels.

BSE Sensex: (27253) The support for the Sensex is at 27200-27000-26850 and the resistance to the up move is at 27565-27607-27700 levels.

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