Last Trading Session: Exactly as predicted, Indian Stock Market opened flat. EquityPandit predicted that market would see further positive movements and traders should go long in Indian Stock Market and especially, BankNifty, at this point of time. EquityPandit also predicted that Nifty would see strong resistance at 8561 and strong support at 8500 levels and exactly same happened. Indian Stock Market including Nifty and BankNifty moved sharply positive. Nifty saw strong support near EquityPandit’s predicted support levels at 8500 and rebounded from there. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8561 like a dot. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Today is the D-day when RBI Policy would be disclosed. If some rate cut happens then we would see a sharp positive movement in BankNifty, which is definitely a possibility and we could also test the levels of 19200 or way above those levels. But if Rate remains unchanged then a sharp downfall is intact as the complete banking sector has moved sharply positive in last couple of days in expectation of Rate cut in this RBI Policy. Technically,BankNifty is in positive trend and traders should hold long positions in BankNifty at this point of time until RBI Policy is disclosed. 8500 would act as important support for Nifty. FIIs were net buyers of Rs.350.41 crores whereas DIIs were net sellers of Rs.33.36 crores in last trading session. Nifty would see strong support at 8500-8450-8410 whereas strong resistance would be seen at 8561-8616-8650-8700 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: BHARTIARTL, BRITANNIA, EIDPARRY, GAMMNINFRA, GODREJPROP, HEXAWARE, JKTYRE, MANGALAM, MMFL, NOIDATOLL, TBZ, TORNTPOWER, TVTODAY.

NSE Nifty: (8543) The support for the Nifty is 8500-8450-8410 and the resistance to the up move is at 8561-8616-8650-8700 levels.

NSE BankNifty: (18915) The support for BankNifty is at 18780-18620-18475-18360-18260 and the resistance to the up move is at 19018-19200-19400 levels.

BSE Sensex: (28187) The support for the Sensex is at 28060-27980-27814-27700 and the resistance to the up move is at 28235-28480-28578-28641 levels.

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