Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market has entered into negative trend and traders should go short in the market and exactly same happened. Despite of global market in gap positive region, Indian Stock Market fell down as predicted by EquityPandit. Nifty moved sharply negative and saw lows right at EquityPandit’s predicted support levels of 8325 like a dot. BankNifty recovered but saw strong resistance near EquityPandit’s predicted resistance levels of 18600. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market to open flat with positive bias. Technically, BankNifty and Nifty are still in negative trend. Some sharp short covering rally (positive movement) can’t be ruled out but Nifty would be considered negative until it breaches levels of 8470 by closing. Nifty would see reversal from current trend (negative trend), if it closes above 8470 levels. But for now, Indian Stock Market is still in negative trend and traders should not go long until reversal happens and should continue to short at every positive rallies in the market. FIIs were net sellers of Rs.254.1 crores whereas DIIs were net buyers of Rs.79.08 crores in last trading session. Nifty would see strong support at 8312-8270-8195 whereas strong resistance would be seen at 8370-8420-8455-8505 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

NSE Nifty: (8329) The support for the Nifty is 8312-8270-8195 and the resistance to the up move is at 8370-8420-8455-8505 levels.

NSE BankNifty: (18509) The support for BankNifty is at 18270-18199-18080 and the resistance to the up move is at 18600-18640-18756 levels.

BSE Sensex: (27574) The support for the Sensex is at 27540-27470-27363 and the resistance to the up move is at 27800-27875-28012-28115 levels.

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