Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 15 points negative for Nifty. EquityPandit predicted that Nifty is still in negative zone and would see further profit booking but BankNifty has entered into positive zone and hence traders can go long in BankNifty and exactly same happened. Nifty fell down sharply and saw lows right at EquityPandit’s predicted support levels of 8147 levels like a dot. BankNifty moved positive for the day and saw highs right at EquityPandit’s predicted resistance levels of 18427 like a dot. Traders, who followed EquityPandit’s advice to go short in Nifty and long in BankNifty might have earned huge profits in both trades. Indian Stock Market closed gap negative for the day with BankNifty leading the positive trend.

Today: Indian Stock Market to open 20-50 points positive. Now some short covering would be seen in the market and we can see sharp positive rally. Lok Sabha passes Finance Bill 2015 that would attract foreign investments in India and we may see some positive rally for the day. Eicher motors would also see some sharp positive rally as it has seen 47% rise in sales of Royal Enfield. Traders can go long in BankNifty as it has entered into positive trend. Traders can also go long in Nifty as it looks that Nifty would see a bounceback with strict stoploss of 8100 levels on spot basis. But still Nifty is looking weak as compared to BankNifty. FIIs were net sellers of Rs.3157.61 crores whereas DIIs were buyers of 2460.8 crores in last trading session. Nifty would see strong support at 8147-8100-8080 whereas strong resistance would be seen at 8230-8335-8385 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: SKSMICRO.

NSE Nifty: (8182) The support for the Nifty is 8147-8100-8080 and the resistance to the up move is at 8230-8335-8385 levels.

NSE BankNifty: (18338) The support for BankNifty is at 18200-18093-18920 and the resistance to the up move is at 18430-18500-18670 levels.

BSE Sensex: (27011) The support for the Sensex is at 26900-26776-26470 and the resistance to the up move is at 27480-27570-27660 levels.

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