Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 28 points positive for Nifty. EquityPandit predicted that Nifty has entered into positive zone and now we can see sharp positive movement in days to come and traders should go long at every dip in the market, specially, BankNifty and Nifty and exactly same happened. Nifty moved sharply positive and saw strong resistance near EquityPandit’s predicted resistance levels of 8430. Finally, Nifty and BankNifty closed gap positive just below EquityPandit’s predicted resistance levels of 8430 and 18585, respectively.

Today: Indian Stock Market to open 10-30 points positive. Analysis would still remain same. Technically, Nifty is still in positive zone and we would continue to see positive movement in days to come. Next target for Nifty would be 8500-8620 levels. Some profit booking can’t be ruled out as market 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 buyers of Rs.123.49 crores whereas DIIs were buyers of Rs.103.58 crores in last trading session. Nifty would see strong support at 8390-8320-8270 whereas strong resistance would be seen at 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: BAJAJ-AUTO, BRITANNIA, CESC, IBREALEST, KALINDEE, MMTC, RENUKA, SAL, SHAKTIPUMP, SUNDARAM, TTKHEALTH, VOLTAS, WONDERLA, WPIL and ZEEL.

NSE Nifty: (8423) The support for the Nifty is 8390-8320-8270 and the resistance to the up move is at 8510-8620 levels.

NSE BankNifty: (18555) The support for BankNifty is at 18430-18320-18210 and the resistance to the up move is at 18620-18700-18900 levels.

BSE Sensex: (27837) The support for the Sensex is at 27500-27370-27150 and the resistance to the up move is at 28088-28180-28300 levels.

Note:  If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

Premium Subscription Pricing details can be seen at Stock Market Premium Services