Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that market would see some sharp short covering (Positive) rally and exactly same happened. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 7700. EquityPandit predicted that traders should go short at positive opening and exactly same happened. Market fell down sharply after positive opening and saw lows right at EquityPandit’s predicted support levels of 25000 for Sensex and 16580 for BankNifty. Finally, Market recovered and closed in green just below EquityPandit’s predicted resistance levels of 25257 for Sensex like a dot.

Today: Indian Stock Market would open flat. Now market is loosing downside momentum and yet to decide the direction. Nifty would be weakened if it breaches levels of 7600 and further down fall can be seen in that case whereas if it trades above 7700 then we could see some further short-covering rally (Positive Rally). BankNifty would enter into positive zone if it manages to close above 16870 levels. Nifty would enter into positive zone once it closes above 7725 levels. Traders should book partial profits in short-sell recommendations as of now and wait for either of two levels to be breached for further action. FIIs were net sellers of Rs.580.28 crores whereas DIIs were net buyers of Rs.410.92 crores in last trading session. Nifty would see strong support at 7600-7580-7545-7500 whereas strong resistance would be seen at 7700-7770-7825-7860 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (7683) The support for the Nifty is 7600-7580-7545-7500 and the resistance to the up move is at 7725-7770-7825-7860 levels.

NSE BankNifty: (16711) The support for BankNifty is at 16580-16435-16320-16218 and the resistance to the up move is at 16780-16868-16980-17095 levels.

BSE Sensex: (25252) The support for the Sensex is at 25030-24950-24850-24745 and the resistance to the up move is at 25320-25540-25675-25770 levels.

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