Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat for the day. Nifty moved positive but saw strong resistance at EquityPandit’s predicted resistance levels of 8135. BankNifty also saw highs right on EquityPandit’s predicted resistance levels of 16300 like a dot. Nifty saw further profit booking exactly as per EquityPandit’s predictions and saw lows right on EquityPandit’s predicted support levels of 8050. Finally, Nifty closed negative for the day.

Today: Indian Stock Market to open flat for the day. Still Nifty is in correction mode and Some further profit booking can’t be ruled out but as said earlier, every dip is an strong opportunity to enter into the market and go long. FIIs were still a net buyers of Rs.433.55 crores whereas DIIs were net sellers of Rs.530.71 crores in Indian Stock Market on Thursday. Indian Stock Market would see Strong support at 8050-8020-8000 levels for Nifty whereas resistance would be seen at 8100-8135-8180 levels. Overall trend for Nifty is still positive until Nifty holds 8050 levels by closing. Traders should go long at EquityPandit’s predicted support levels and short at EquityPandit’s predicted resistance levels with small stoplosses. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8086) The support for the Nifty is at 8050-8020-8000 and the resistance to the up move is at 8100-8135-8180 levels.

NSE BankNifty: (16204) The support for the BankNifty is at 16100-16050-15900 and the resistance to the up move is at 16300-16380-16500 levels.

BSE Sensex: (26996) The support for the Sensex is at 26900-26800-26680 and the resistance to the up move is at 27150-27252-27380 levels.

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