Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 20 points. EquityPandit predicted that Nifty has again entered into negative zone and levels of 8000 for Nifty looks possible in the market hence traders should go short-selling in the market and exactly same happened. Nifty moved sharply negative and saw lows right at EquityPandit’s predicted support and target level of 8000 for Nifty. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market saw strong support at 8000 levels for Nifty and recovered from day lows to close above 8000 levels.

Today: Indian Stock Market to open gap positive with 40-80 points for Nifty. Market is still in negative trend but fortunately, Nifty has seen strong support at EquityPandit’s predicted support levels of 8000, yesterday and hence today, it would see a sharp bounceback. Nifty, if stays above 8150 for considerable time, then we would see sharp positive rallies in days to come and makret may see new highs in upcoming months. But if, Nifty is not able to sustain 8000 levels by closing then we may seen new 2015 lows in days to come and Nifty may go till 7800 levels. So 8000 is an important closing level to watch out for. For now, Nifty would see a sharp positive movement and traders should trade positive for the day. FIIs are seeing outflows in Indian Stock Market and looking for other markets like China to park their money. FIIs were net sellers of Rs.1360.69 crores whereas DIIs were buyers of 1158.02 crores in last trading session. Nifty would see strong support at 8050-8000-7960 whereas strong resistance would be seen at 8150-8180-8270 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: ALBK, EICHERMOT, GILLETTE, HINDUNILVR, IOB and PNB.

NSE Nifty: (8057) The support for the Nifty is 8050-8000-7960 and the resistance to the up move is at 8150-8180-8270 levels.

NSE BankNifty: (17377) The support for BankNifty is at 17380-17200-17000 and the resistance to the up move is at 17750-18000-18150 levels.

BSE Sensex: (26599) The support for the Sensex is at 26465-26212 and the resistance to the up move is at 26900-27092 levels.

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