Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 25 points for Nifty. EquityPandit predicted that overall Nifty is in positive trend and traders should go long at every downfall and exactly same happened. RBI policy with no rate cut took BankNifty sharply negative but BankNifty again rebounded from day lows and closed just above EquityPandit’s predicted support levels of 18465. Finally, Nifty and Sensex closed flat for the day.

Today: Indian Stock Market to open 10-30 points positive. Technically, Indian Stock Market is still in positive trend and we would see positive movements in days to come. Real Estate Bill got approved by cabinet and hence it would bring confidence among buyers and FIIs to invest in real estate. This move is considered positive for real estate sector in long run. Traders should go long at every dip. FIIs were net buyers of Rs.143.98 crores whereas DIIs were net sellers of Rs.326.06 crores on last trading session. Nifty would see strong support at 8572-8524-8500 whereas strong resistance would be seen at 8732-8770-8822 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8660) The support for the Nifty is 8572-8524-8500 and the resistance to the up move is at 8732-8770-8822 levels.

NSE BankNifty: (18469) The support for BankNifty is at 18400-18350-18226 and the resistance to the up move is at 18934-19052-19177 levels.

BSE Sensex: (28517) The support for the Sensex is at 28374-28220-28106 and the resistance to the up move is at 28618-28839-28952 levels.

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