Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative. EquityPandit predicted that Nifty is still in negative trend and hence we would see more downfall in days to come, so trade is in negative direction only and traders should go short and exactly same happened. Nifty moved sharply negative due to Yemen worries, achieving all EquityPandit’s targets for Nifty. Traders, who followed EquityPandit’s advice to go short might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open flat. EquityPandit was the first Indian Research Company to suggest shorting and initiate short sells in the market for its clientele on March 13, 2015. Since then, we have been advicing traders to go short in any condition. Traders, who followed EquityPandit advice to go short in Nifty and BankNifty might have earned huge profits in last 10 days. Nifty has now filled up its previous gap which it created on January 15, 2015. Technically, analysis would still remain same and Indian Stock Market is still in negative trend but now, some short covering (positive movement) can’t be ruled out at this point of time. Nifty should not close below 8280 levels by the end of April Expiry else we would not see levels of 8700 or 9000 again in this year as market would see a big downfall. So levels of 8280 would be monthly closing important levels for April 2015. Nifty may see intraday trades below those levels but the month F&O closing should not be below those levels else we may see huge downfall. FIIs were net sellers of Rs.521.23 crores whereas DIIs were net buyers of Rs.687.09 crores on Thursday. Nifty would see strong support at 8325-8265-8236 whereas strong resistance would be seen at 8430-8470-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8342) The support for the Nifty is 8325-8265-8236 and the resistance to the up move is at 8430-8470-8500 levels.

NSE BankNifty: (17832) The support for BankNifty is at 17729-17500-17320 and the resistance to the up move is at 18015-18130-18225 levels.

BSE Sensex: (27458) The support for the Sensex is at 27324-27200-27090 and the resistance to the up move is at 27664-27815-28000 levels.

Note:  If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

Premium Subscription Pricing details can be seen at Pricing