Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Indian Stock Market has entered into negative region and traders can go for short selling at every upmove in the market. EquityPandit also predicted that traders can short BankNifty for huge profits as downside is open at this point of time and exactly same happened. Indian Stock Market cracked and fell down sharply. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Nifty closed right on EquityPandit’s predicted support levels of 8350 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat with positive bias. Indian Stock Market is in negative trend and traders can go for short selling at every upmove in the market. IIP and Inflations numbers were positive and hence some short covering may be seen but overall market is negative and a shorting opporutnity. Today is the last session for the Monsoon Parliament sessions and GST doesn’t look to pass today and hence would be postponed to winter session. Indian Stock Market would fell down sharply due to this. Traders can hold short in BankNifty on every positive rally for higher profits. Some short covering would definitely be seen in the market but every positive movement would be an opportunity for traders to go for short-selling in the market. FIIs were net sellers of Rs.1855.02 crores whereas DIIs were net buyers of Rs.1223.8 crores in last trading session. Nifty would see strong support at 8320-8286-8226-8195 whereas strong resistance would be seen at 8380-8433-8450-8505 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: ABGSHIP, AJANTPHARM, AMRUTANJAN, CLARIS, DLF, EROSMEDIA, ESSARPORTS, GMRINFRA, GVKPOWER, ICRA, IOC, IRB, JUBLFOOD, KAVERISEED, LANCOINFRA, MMTC, NBCC, ONGC, PAGEIND, SHREERENUKA, SYMPHONY, TATAPOWER and UNITECH.

NSE Nifty: (8349) The support for the Nifty is 8320-8286-8226-8195 and the resistance to the up move is at 8380-8433-8450-8505 levels.

NSE BankNifty: (18060) The support for BankNifty is at 17820-17750-17565 and the resistance to the up move is at 18320-18450-18500 levels.

BSE Sensex: (27512) The support for the Sensex is at 27416-27350-27200-27146 and the resistance to the up move is at 27610-27720-27800-27885 levels.

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