Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 40 points positive for Nifty. EquityPandit predicted that Indian Stock Market is in positive trend and we would see positive movement, so traders should go long at every dip in the market as some correction would definitely be seen in intraday trade and exactly same happened. Nifty saw sharp correction and made lows right near EquityPandit’s predicted support levels of 8677 levels. Nifty rebounded from EquityPandit’s predicted support levels and made day highs. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive near EquityPandit’s predicted resistance levels.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in positive trend and we would see further positive movements. Some intraday profit booking can’t be ruled out but overall market is positive. Today, if Nifty closes above 8708 levels on spot basis and 8765 levels for Futures, then traders should initiate a long in Nifty future to capture long trends but if anyhow, Nifty closes below those levels, then we could see a sharp profit booking of around 150 points in next week. Important weekly closing levels to watch out is 8708 for Nifty spot levels and 8765 for Nifty futures. FIIs were net buyers of Rs.193.81 crores whereas DIIs were net buyers of Rs.492.79 crores in last trading session. Nifty would see strong support at 8700-8677-8630 whereas strong resistance would be seen at 8822-8880-8900 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8778) The support for the Nifty is 8700-8677-8630 and the resistance to the up move is at 8822-8880-8900 levels.

NSE BankNifty: (18876) The support for BankNifty is at 18645-18517-18400 and the resistance to the up move is at 19052-19175-19441 levels.

BSE Sensex: (28885) The support for the Sensex is at 28620-28546-28374 and the resistance to the up move is at 28952-29062-29154 levels.

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