Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that market is still in positive trend and if Nifty closes above 8708 then traders should go long and Nifty would see sharp positive movement in next 1 month. EquityPandit also predicted that some profit booking can’t be ruled out but it would be temporary in nature and traders should go long at every dip in the market and exactly same happened. Nifty saw some profit booking but recovered again in the end to close flat for the day.

Today: Indian Stock Market to open 7-30 points positive. Technically, Indian Stock Market has seen weekly positive breakout, so now, traders should trade positive at every dip in the market. Some profit booking would be seen but it would be temporary in nature. FIIs were net buyers of Rs.362.79 crores whereas DIIs were net sellers of Rs.135.18 crores in last trading session. Nifty would see strong support at 8700-8677-8630 whereas strong resistance would be seen at 8822-8880-8900 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8780) The support for the Nifty is 8700-8677-8630 and the resistance to the up move is at 8822-8880-8900 levels.

NSE BankNifty: (18801) The support for BankNifty is at 18645-18517-18400 and the resistance to the up move is at 19052-19175-19441 levels.

BSE Sensex: (28879) The support for the Sensex is at 28620-28546-28374 and the resistance to the up move is at 28952-29062-29154 levels.

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