Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative in last trading session. Indian Stock Market saw sharp short covering after consolidation. Sensex saw highs right at EquityPandit’s predicted resistance levels of 27010. Finally, Indian Stock Market fell down sharply erasing all gains and closed gap negative for the day.

Today: Indian Stock Market to open negative with 10-30 points for Nifty. Technically, Indian Stock Market is still in negative trend and traders should go short at every positive movement in the market as bulls are looking weaker this time. Breaching levels of 8060 for Nifty, 17468 for BankNifty and 26550 levels for Sensex on the negative side would force market to see a sharp fall. Some short covering (Positive movement) can’t be ruled out at this point of time but Overall, the trade is in sell side as market is open on the downside. FIIs were net sellers of Rs.550.29 crores whereas DIIs were buyers of Rs.879.50 crores in last trading session. Nifty would see strong support at 8100-8060-7960 whereas strong resistance would be seen at 8200-8235-8270 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8115) The support for the Nifty is 8100-8060-7960 and the resistance to the up move is at 8200-8235-8270 levels.

NSE BankNifty: (17549) The support for BankNifty is at 17500-17468-17245 and the resistance to the up move is at 17790-17980-18085 levels.

BSE Sensex: (26768) The support for the Sensex is at 26550-26420-26000 and the resistance to the up move is at 26960-27015-27277 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