Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative. EquityPandit predicted that some sharp profit booking would definitely be seen but BankNifty needs to close above 18500 to see further positive movement and till then market would consolidate in a rangebound region and exactly same happened. Indian Stock Market saw a sharp profit booking but finally recovered from day lows. Nifty, BankNifty and Sensex remained rangebound between EquityPandit’s predicted support and resistance levels. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market to open gap negative with atleast 60-120 points for Nifty and 150-400 points for Sensex over Greece issues.Today would be a black Monday for Indian Stock Market and we would see a sharp downfall in the market. We would see a blood bath all around the Indian Markets. Today, we expect that BankNifty and Nifty would enter into negative trend. Traders can go for a shortsell, if BankNifty goes below 18147 levels on spot basis and can also take short position home, if BankNifty closes below those levels. Now, since BankNifty was not able to breach EquityPandit’s resistance levels of 18500, we could enter into sell mode once again with the target of 18000-17800 levels for BankNifty and 8200-8000 levels for Nifty. Today’s trading session would decide further direction for Indian Stock Market. FIIs were net sellers of Rs.203.74 crores whereas DIIs were net buyers of Rs.234.21 crores in last trading session. Nifty would see strong support at 8320-8260-8200 whereas strong resistance would be seen at 8446-8490 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8381) The support for the Nifty is 8320-8260-8200 and the resistance to the up move is at 8446-8490 levels.

NSE BankNifty: (18371) The support for BankNifty is at 18160-18060-17950-17800 and the resistance to the up move is at 18500-18640-18756 levels.

BSE Sensex: (27812) The support for the Sensex is at 27614-27568-27450-27300 and the resistance to the up move is at 27970-28071-28180 levels.

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