Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit said that market has entered into positive zone but since some pressure is seen at higher levels that may drag market lower for timebeing and exactly same happened. Indian Stock Market saw sharp downfall creating the lowest point for Nifty in 2015. Nifty, BankNifty and Sensex fell down sharply due to FIIs continuous sellout in Indian Stock Market. Finally, Indian Stock Market closed gap negative with the lowest levels in 2015.

Today: Indian Stock Market to open 10-40 points negative. Some short covering is possible but unfortunately, Nifty and BankNifty has again entered into negative zone. Traders should go for short-selling at every positive movement in the market. Now levels of 8000-7960-7800 are possible for Nifty in days to come. Any upmove in the market would just be a short covering and would be temporary in nature. GST was passed in Lok Sabha yesterday evening, which is a positive news. If GST is passed in Rajya Sabha and state government in upcoming days then it would boost Indian Stock Market and we can see news highs but for now Market trend is negative for next few days. EquityPandit was the first Equity Research Company in India to confirm long-term Head & Shoulder pattern on April 28, 2015, that is a long-term bearish pattern that may take Nifty to 7800 levels. 17500 is the last support for BankNifty, below which BankNifty would crash down. FIIs are seeing outflows in Indian Stock Market and looking for other markets like China to park their money. FIIs were net sellers of Rs.1699.60 crores whereas DIIs were buyers of 1454.97 crores in last trading session. Nifty would see strong support at 8000-7960-7800 whereas strong resistance would be seen at 8180-8270-8332 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Important Results to be declared today: BIRLACORPN, GESHIP, HEROMOTOCO, IIFL, JINDALSAW, MERCK, NUCLEUS, SINTEX, TALWALKARS, TITAN and UNITEDBNK.

NSE Nifty: (8097) The support for the Nifty is 8000-7960-7800 and the resistance to the up move is at 8180-8270-8332 levels.

NSE BankNifty: (17800) The support for BankNifty is at 17660-17500-17200 and the resistance to the up move is at 18000-18150 levels.

BSE Sensex: (26717) The support for the Sensex is at 26465 and the resistance to the up move is at 26900-27092 levels.

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