Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market is still in positive trend and traders should hold their long position for now. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s target of 19000 for BankNifty like a dot. BankNifty has seen strong resistance at 19000 and fell down sharply. Nifty also saw strong resistance near EquityPandit’s predicted resistance levels of 8571 . Market fell down sharply and Sensex saw lows right at EquityPandit’s predicted support levels of 28080 like a dot. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market to open gap negative with 50-100 points for Nifty for the day as Greece-EU issue still continues and now Chinese market is also under threat. Indian Stock market would see sharp correction today. For now Market are still in positive trend until BankNifty holds 18500 levels by closing. But Nifty possess strong resistance at 8571 that needs to be broken to see a sharp positive movement. Until then, Indian Stock Market would consolidate in the same range. Anyhow, trade is still in positive direction and traders should still hold their long positions. BankNifty would enter into negative region, if it breaches levels of 18500 by closing and at that point traders should initiate short position. If Nifty holds levels of 8500 by closing for next few days then BankNifty would cross levels of 19000 and may touch levels of 19500 in days to come, else we may see some weakness in the market. FIIs were net buyers of Rs.23.54 crores whereas DIIs were net sellers of Rs.94.71 crores in last trading session. Nifty would see strong support at 8450-8414-8380 whereas strong resistance would be seen at 8571-8640-8700 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 

NSE Nifty: (8511) The support for the Nifty is 8450-8414-8380-8300 and the resistance to the up move is at 8571-8640-8700 levels.

NSE BankNifty: (18798) The support for BankNifty is at 18635-18500-18460-18300 and the resistance to the up move is at 18923-19000-19120-19170 levels.

BSE Sensex: (28171) The support for the Sensex is at 28080-27974-27905-27780-27600 and the resistance to the up move is at 28300-28530-28641 levels.

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