Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that Indian Bulls are not letting Indian Markets to fall down and market bias looks positive for now and hence it can see a sharp breakout from these levels in days to come and exactly same happened. Indian Stock Market saw sharp positive movement. Nifty fired after breaching EquityPandit’s levels of 8356. Traders, who followed EquityPandit’s suggestion to go long might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open negative. Technically, Nifty has entered into positive zone and now we can see sharp positive movement in days to come. Next target for Nifty would be 8500-8620 levels. Some profit booking can’t be ruled out but overall, Indian Stock Market would be in positive trend. Traders should go long at every dip in the market specially, Nifty and BankNifty. FIIs were net sellers of Rs.202.12 crores whereas DIIs were buyers of Rs.618.54 crores in last trading session. Nifty would see strong support at 8320-8270 whereas strong resistance would be seen at 8415-8510-8620 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: COLPAL, PIDILITIND, SONATSOFTW, TATAPOWER.

NSE Nifty: (8374) The support for the Nifty is 8320-8270 and the resistance to the up move is at 8415-8510-8620 levels.

NSE BankNifty: (18423) The support for BankNifty is at 18320-18210-18100 and the resistance to the up move is at 18585-18700-18900 levels.

BSE Sensex: (27687) The support for the Sensex is at 27500-27370-27150 and the resistance to the up move is at 27820-28088 levels.

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