Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty has entered into positive zone and traders should trade long at every dip. Nifty saw sharp downfall and recovered from day lows to close flat for the day. BankNifty also saw strong support at EquityPandit’s predicted support levels of 18380. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market to open 20-50 points negative. Analysis would still remain same. Technically, now Nifty has also entered into positive zone and we could see some sharp positive rally in days to come. Traders should go long at every dip in the market. Some pressure is seen at higher levels that may drag market lower for timebeing. For now, Nifty would see sideways movement in a consolidated region. FIIs were net sellers of Rs.756.52 crores whereas DIIs were buyers of 979.19 crores in last trading session. Nifty would see strong support at 8250-8200 whereas strong resistance would be seen at 8385-8415-8450 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: GICHSGFIN, GTLINFRA and SBBJ.

NSE Nifty: (8325) The support for the Nifty is 8250-8200 and the resistance to the up move is at 8385-8415-8450 levels.

NSE BankNifty: (18471) The support for BankNifty is at 18420-18380-18200 and the resistance to the up move is at 18670-18723-18894 levels.

BSE Sensex: (27440) The support for the Sensex is at 27280-27160-27011 and the resistance to the up move is at 27570-27670-27937 levels.

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