Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Market would see huge fluctuations. EquityPandit also predicted that some more short covering can’t be ruled out and we can see further bounce in the market and exactly same happened. Indian Stock Market moved up sharply and saw strong resistance near EquityPandit’s predicted resistance levels of 8450 levels for Nifty. Sensex also saw highs exactly near EquityPandit’s predicted resistance levels of 27850 and rebounded from there. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Now we have entered into fresh F&O series. Market is still in negative zone but we can see reversal nearby. Banking sector especially, PSU banks looks too strong at this point of time that may push BankNifty in positive zone. Some small trigger through positive news would make that happen. BankNifty, if closes above 18590, then it would enter into positive zone and the trend would be reversed. In that case, traders can go long in the market but for now, market is still in negative trend and one needs to short at every positive movement in the market. FIIs were net sellers of Rs.170.68 crores whereas DIIs were net buyers of Rs.499.65 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.

Important Results To Be Declared Today: ALEMBICPHARMA, CESC, GLAXO, ICICIBANK, LT, RAYMOND, RELIGARE, SRTRANSFIN, SUNDARMFIN, SUNTV, SUZLON and TITAN.

NSE Nifty: (8422) The support for the Nifty is 8400-8350-8315-8244 and the resistance to the up move is at 8505-8567-8605 levels.

NSE BankNifty: (18440) The support for BankNifty is at 18360-18260-18160-18060 and the resistance to the up move is at 18500-18590-18640-18756 levels.

BSE Sensex: (27705) The support for the Sensex is at 27568-27450-27400 and the resistance to the up move is at 27850-27910-28071 levels.

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