Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 16 points positive for Nifty. EquityPandit predicted that Nifty would see some positive movement today but would see strong resistance at 8270 closing levels and exactly same happened. Nifty saw moved positive but saw strong resistance levels at EquityPandit’s predicted resistance levels of 8270 for Nifty. BankNifty also saw strong resistance at EquityPandit’s predicted resistance levels of 18240. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open flat. FIIs are continuously selling in Indian markets but Indian bulls are not letting Indian Markets to fall down. Market bias looks positive for now. Technically, Analysis would still remain same. 8356 levels are strong deciding levels for the Nifty. If Nifty breaches these levels then an inverse Head & Shoulder pattern (Bullish Pattern) would be formed and that may take Nifty further positive with atleast 300 points. For now, Nifty is still negative. Now, 8080 and 8356 levels are strong support and resistance levels, which if breached on either side, would drag Nifty in that direction. Traders should wait for either of these levels to breach to capture the long trends in the market. Now, Nifty has consolidated for long and we are looking for sharp movement on either side in days to come. FIIs were net sellers of Rs.38.31 crores whereas DIIs were buyers of Rs.563.6 crores in last trading session. Nifty would see strong support at 8215-8123-8080-8000 whereas strong resistance would be seen at 8332-8356-8415 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: ASIANPAINT, GLAXO, HSIL, STRTECH and WHEELS.

NSE Nifty: (8262) The support for the Nifty is 8215-8123-8080-8000 and the resistance to the up move is at 8332-8356-8415 levels.

NSE BankNifty: (18183) The support for BankNifty is at 18100-17830-17650 and the resistance to the up move is at 18260-18585 levels.

BSE Sensex: (27324) The support for the Sensex is at 27150-27000-26810 and the resistance to the up move is at 27505-27604-27820 levels.

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