Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Market has entered into positive trend and traders shold continue to hold long positions for now. Traders, who followed EquityPandit’s advice to go long, might have earned huge profits for the day. EquityPandit also predicted that Iran Nuclear deal would benefit Oil marketing companies like Castrol and HPCL and also paint companies and exactly same happened. Indian Stock Market moved sharply positive and finally, closed positive for the day.

Today: Indian Stock Market to open positive. Technically, Analysis would remain same. Nifty and BankNifty is in positive trend and traders can continue to hold long positions for now. Now BankNifty needs to breach levels of 19000 on closing basis for markets to see a bounceback rally. Indian Stock Market is expected to see sharp positive rally in days to come and the best trade is to go long in BankNifty at this point of time. If Government pushes some reforms in days to come then it would add fuel to the positive fire in the market. FIIs were net buyers of Rs.407.69 crores whereas DIIs were net sellers of Rs.50.38 crores in last trading session. Nifty would see strong support at 8415-8350-8312 whereas strong resistance would be seen at 8550-8567-8605 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: MASTEK, MINDTREE.

NSE Nifty: (8523) The support for the Nifty is 8415-8350-8312 and the resistance to the up move is at 8550-8567-8605 levels.

NSE BankNifty: (18816) The support for BankNifty is at 19730-18650-18540 and the resistance to the up move is at 19000-19051-19176 levels.

BSE Sensex: (28198) The support for the Sensex is at 27980-27890-27635 and the resistance to the up move is at 28340-28530 levels.

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