Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that Nifty is still in negative trend but now some temporary short covering would be seen but Nifty may see intraday trades below 8280 levels and exaclty same happened. Nifty opened positive due to short covering but was not able to sustain higher levels. Finally, Indian Stock Market moved sharply negative and Nifty saw lows right at EquityPandit’s predicted support levels of 8265 levels like a dot. Indian Stock Market saw strong resistance at EquityPandit’s predicted resistance levels of 8430 for Nifty, 18130 levels for BankNifty and 27664 for Sensex. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open positive. Now, some signs of short covering is been seen in the market and we could see some short covering. BankNifty may lead the market if it has to go positive. Nifty would still be considered negative until it breaches levels of 8500 on the positive side. 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 advising 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 8180 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 8180 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.320.52 crores whereas DIIs were net buyers of Rs.674.76 crores on Friday. 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: (8341) The support for the Nifty is 8325-8265-8236 and the resistance to the up move is at 8430-8470-8500 levels.

NSE BankNifty: (18044) The support for BankNifty is at 17729-17500-17320 and the resistance to the up move is at 18130-18225-18380 levels.

BSE Sensex: (27459) The support for the Sensex is at 27324-27200-27090 and the resistance to the up move is at 27700-27815-28000 levels.

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