Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 50 points positive. EquityPandit predicted that Indian Stock Market would see a further short-covering (positive) rally and traders should trade long in any condition. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Nifty saw strong resistance at EquityPandit’s predicted resistance levels of 8350 levels. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open flat. Indian Stock Market has entered into positive zone and traders should trade long at every dip in the market. Some profit booking would be seen in the market but it would be an opportunity for traders to go long and book handsome profits. Few data, like CPI Inflation and IIP to be disclosed today and WPI Inflation would be disclosed this week on Thursday that would affect Indian Stock Market further direction. Now 8356 levels would act as strong resistance. Nifty need to breach those levels to make itself a perfect buy. Nifty, if closes above 8356 levels then traders can take long positions home. Lok Sabha Passes Black Money Bill yesterday. FIIs were net buyers of Rs.169.97 crores whereas DIIs were buyers of 328.57 crores in last trading session. Nifty would see strong support at 8270-8200-8123 whereas strong resistance would be seen at 8356-8415-8500 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: APOLLOTYRE, ASHOKLEY, CENTRALBK, DRREDDY, MOTHERSUMI, TORNTPOWER, UCOBANK, UNIONBANK and VIJAYABANK.

Important data to be disclosed this week: CPI Inflation and IIP on Tuesday, WPI Inflation on Thursday.

NSE Nifty: (8325) The support for the Nifty is 8270-8200-8123 and the resistance to the up move is at 8356-8415-8500 levels.

NSE BankNifty: (18200) The support for BankNifty is at 18090-17940-17768 and the resistance to the up move is at 18357-18585-18702 levels.

BSE Sensex: (27507) The support for the Sensex is at 27400-27230-27032 and the resistance to the up move is at 27620-27947-28087 levels.

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