Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 25 points positive for Nifty. EquityPandit predicted that Market is still in negative region and if Nifty breaches levels of 8270 then it would see a sharp downfall and exactly same happened. Indian Stock Market breached EquityPandit suggested levels of 8270 and fell down sharply from there. Traders who followed EquityPandit’s advice might have earned huge profits for the day. BankNifty also saw lows right near EquityPandit’s predicted support levels of 17720 and closed near EquityPandit’s support of 17770 levels. Nifty also closed near EquityPandit’s predicted support levels of 8216 levels. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open flat. Technically, analysis would remain same. Indian Stock Market is still in negative region. Nifty is now heading towards levels of 8100 that would act as strong support for Nifty and our next probable target. Nifty if breaches levels of 8280 by closing, then we can have some positive trends coming in upcoming days else Nifty would still be a sell. Indian Stock Market has developed a perfect Head and Shoulder pattern, which is a strong bearish signal. FIIs are continuously seeing outflows in Indian Stock Market that is causing an alarming situation for Indian economy. FIIs were net sellers of Rs.1749.33 crores whereas DIIs were buyers of 1667.54 crores in last trading session. Nifty would see strong support at 8147-8100-8065 whereas strong resistance would be seen at 8280-8335-8415 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: BHARTIARTL, GODREJCP, IDEA, KPIT, TATAELXSI.

NSE Nifty: (8214) The support for the Nifty is 8147-8100-8065 and the resistance to the up move is at 8280-8335-8415 levels.

NSE BankNifty: (17768) The support for BankNifty is at 17502-17380-17203 and the resistance to the up move is at 17950-18075-18330 levels.

BSE Sensex: (27177) The support for the Sensex is at 27091-26937-26776 and the resistance to the up move is at 27395-27570-27660 levels.

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