Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 30+ points for Nifty. EquityPandit predicted that Indian Stock Market is still in positive trend and Nifty would see positive movement so traders should trade long at every dip and exactly same happened. Indian Stock Market moved up sharply positive. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8732 like a dot. Finally, Indian Stock Market closed positive with some pressure in banking sector.

Today: Indian Stock Market to open 15-40 points positive. Technically, Indian Stock Market is still in positive trend and we would see positive movements in days to come. Some profit booking can’t be ruled out. Traders should go long at every dip. Nifty, if managed to close above 8720 levels on Friday closing, then we could see sharp positive movement and even new record highs but if it closes below 8720 levels on friday, then we could see a sharp downfall again. BankNifty, if breaches 18350 levels in intraday trading then traders could go short on intraday basis for some handsome intraday profits. Important weekly closing levels to watch out is 8720. FIIs were net sellers of Rs.479.18 crores whereas DIIs were net buyers of Rs.382.54 crores on last trading session. Nifty would see strong support at 8677-8630-8572 whereas strong resistance would be seen at 8770-8822-8880 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8714) The support for the Nifty is 8677-8630-8572 and the resistance to the up move is at 8770-8822-8880 levels.

NSE BankNifty: (18416) The support for BankNifty is at 18350-18226-18130 and the resistance to the up move is at 18752-18865-18934-19052 levels.

BSE Sensex: (28708) The support for the Sensex is at 28546-28374-28220 and the resistance to the up move is at 28839-28952-29062 levels.

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