Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that Indian Stock Market is still in negative region and our next target is 8270 levels which would act as strong support levels for Nifty and exactly same happened. Nifty saw lows right at EquityPandit’s predicted support levels of 8270 like a dot. Traders who followed EquityPandit’s advice might have earned huge prfits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open positive with 10-40 points for Nifty. Technically, analysis would remain same. Indian Stock Market is still in negative region. Nifty if breaches levels of 8270 by closing, then it would see sharp downfall that may take Nifty to around 8100 levels in days to come whereas if Nifty closes above 8415-8470 levels then next targets would be 8550 levels. BankNifty, if closes above 18455 levels then it would again come into positive zone and would see sharp breakout in upcoming days. Some short covering (positive movement) can’t be ruled out at this point of time. Indian Giants like Maruti and ICICI Bank would disclose there annual results today and that would decide the direction of Indian Stock Market. FIIs were net sellers of Rs.775.46 crores whereas DIIs were buyers of 896.33 crores in last trading session. Nifty would see strong support at 8265-8250-8216 whereas strong resistance would be seen at 8415-8470-8505-8560 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: ANDHRABANK, GRANULES, HIL, ICICIBANK, JSWENERGY, MARUTI, UNIPHOS, UPL.

NSE Nifty: (8305) The support for the Nifty is 8265-8250-8216 and the resistance to the up move is at 8415-8470-8505-8560 levels.

NSE BankNifty: (18002) The support for BankNifty is at 17950-17770-17720 and the resistance to the up move is at 18330-18427-18500 levels.

BSE Sensex: (27438) The support for the Sensex is at 27340-27245-27091 and the resistance to the up move is at 27660-27829-28030 levels.

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