Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that 7940 would be last support for Nifty and if it breaches then we would see sharp downfall in the market else some short-covering can be seen in the market and exactly same happened. Traders, who followed EquityPandit advice might have earned huge profits for the day. Nifty saw lows right at EquityPandit’s predicted support levels of 7940 whereas strong resistance was seen at EquityPandit’s predicted resistance levels of 8052 like a dot. Sensex also saw lows right near EquityPandit’s predicted support levels of 26300 like a dot. Finally, Indian Stock Market closed positive for the day with BankNifty in minor pressure.

Today: Indian Stock Market to open flat with negative bias. Analysis would still remain same. Technically, Indian Stock Market is still in negative trend. Now, 7940 would act as strong support whereas 8100 would act as strong resistance. Breaching any level out of these two, would force market to move sharply in that direction. Traders should consider these two important levels before entering the trades. The biggest worry is the regular outflows seen by FIIs. FIIs were net sellers of Rs.604.86 crores whereas DIIs were buyers of Rs.650.47 crores in last trading session. Nifty would see strong support at 7940-7924-7877 whereas strong resistance would be seen at 8052-8100-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits. Click Here to Get Market Outlook for Nifty and all Major Indices this week.

NSE Nifty: (8014) The support for the Nifty is 7940-7924-7877 and the resistance to the up move is at 8052-8100-8200 levels.

NSE BankNifty: (17459) The support for BankNifty is at 17330-17200-17150-16930 and the resistance to the up move is at 17600-17745-17822 levels.

BSE Sensex: (26587) The support for the Sensex is at 26300-26220-26092 and the resistance to the up move is at 26625-26780-26940 levels.

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