Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Indian Stock Market is still in negative zone and next target for Nifty is 8330 levels that got achieved. EquityPandit predicted that market would see sharp short covering after consecutive downtrends and exactly same happened. Nifty remained rangebound between EquityPandit’s predicted support and resistance levels of 8265 and 8470 levels. Sensex also saw lows right at EquityPandit’s predicted support levels of 27834 like a dot. Finally, Indian Stock Market moved sharply positive on account of short covering and closed positive for the day. Traders, who followed EquityPandit’s advice might have earned huge profits for the day.

Today: Indian Stock Market to open positive with 10-40 points for Nifty. Technically, Indian Stock Market is still in negative region but now, today’s movement would suggest further direction of the market. Nifty if breaches levels of 8270 by closing, then it would see sharp downfall whereas if Nifty closes above 8470 levels then next targets would be 8550 levels. BankNifty, if closes above 18500 then it would again come into positive zone and would see sharp breakout in upcoming days. HDFC Bank annual results that are going to be disclosed today would direct the market. FIIs were net sellers of Rs.910.15 crores whereas DIIs were buyers of 217.98 crores in last trading session. Nifty would see strong support at 8325-8265-8250 whereas strong resistance would be seen at 8470-8500-8560-8600 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: CAIRN, CERA, CYIENT, GUJRATGAS, HDFCBANK, L&TFH, M&MFIN, MRF, SASKEN and SKFINDIA.

NSE Nifty: (8430) The support for the Nifty is 8325-8265-8250 and the resistance to the up move is at 8470-8500-8560-8600 levels.

NSE BankNifty: (18244) The support for BankNifty is at 17950-17770-17720 and the resistance to the up move is at 18330-18427-18500 levels.

BSE Sensex: (27890) The support for the Sensex is at 27560-27384-27245 and the resistance to the up move is at 28030-28185-28270 levels.

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