Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Nifty would continue to see further down trend and hence traders are suggested to go short in the market and exactly same happened. Traders, who followed EquityPandit’s advice might have earned huge profits of the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative for the day. Technically, Analysis would still remain same and Indian Stock Market is still in negative trend. Trade is only in short side. The only trade as of now for traders is to either go short or hold short positions in the market. The next logical target for Nifty is 8250 and BankNifty is 18000. FIIs were net sellers of Rs.859.94 crores whereas DIIs were net buyers of Rs.238.66 crores in last trading session. Nifty would see strong support at 8315-8244-8200 whereas strong resistance would be seen at 8410-8450-8500 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 

Important Results To Be Declared Today: BANKINDIA, DISHTV, HDFC, IDBI, MARUTI, PIDILITIND, PNB, SYNDIBANK, SPICEJET, TAJGVK, TATACOMM, TIDEWATER and UNIONBANK.

NSE Nifty: (8361) The support for the Nifty is 8315-8244-8200 and the resistance to the up move is at 8410-8450-8500 levels.

NSE BankNifty: (18213) The support for BankNifty is at 18080-17980-17800 and the resistance to the up move is at 18320-18410-18560 levels.

BSE Sensex: (27561) The support for the Sensex is at 27360-27140-27030 and the resistance to the up move is at 27710-27850-27940 levels.

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