Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. EquityPandit predicted that Indian Stock Market would see sideways movement in a rangebound region until winter parliament session that is started on November 26, 2015. EquityPandit also predicted that traders should go long and take long positions home only if Nifty closes above 7860 levels and exaclty same happened. Market opened negative and saw lows right at EquityPandit’s predicted support levels of 25695 for Sensex, 16964 for BankNifty and 7815 for Nifty like a dot. Market recovered from day lows but closed negative for the day. Sensex closed right above EquityPandit’s predicted resistance levels of 25770.

Today: Indian Stock Market would open positive with 15-40 points for Nifty and 40-120 points for Sensex. Today winter session of Parliament would start and it would surely affect Indian Stock Market direction. Technically, Analysis would still remain same. For now, Nifty is in positive zone but BankNifty is still in negative zone. Bank Nifty would enter into positive zone once it breaches levels of 17290. Geopolitical tensions are generating pressure on global stock markets. Traders should wait for Both the major indices: Nifty and BankNifty to enter in same zone, either positive or negative. Once this happens, traders can go long or short accordingly. FIIs were net sellers of Rs.540.12 crores whereas DIIs were net buyers of Rs.532.13 crores in last trading session. Nifty would see strong support at 7815-7800-7765-7715 whereas strong resistance would be seen at 7860-7880-7926-7958 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: (7832) The support for the Nifty is 7815-7800-7765-7715 and the resistance to the up move is at 7860-7880-7926-7958 levels.

NSE BankNifty: (16989) The support for BankNifty is at 16960-16875-16750-16580 and the resistance to the up move is at 17140-17240-17480-17570 levels.

BSE Sensex: (25776) The support for the Sensex is at 25695-25590-25450-25380 and the resistance to the up move is at 25890-25950-26060-26180 levels.

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