Last Trading Session: Exactly as predicted by EquityPandit that market would open negative with 20-40 points for Nifty and 60-100 points for Sensex and would move down but would see strong support at 5170-5080 for Nifty and 17050-16950 for Sensex and same happened. Market opened negative with 40 points for Nifty and 100 points for Sensex as predicted by EquityPandit. Market went down as expected and saw strong supports at EquityPandit’s predicted support levels of 16950 for Sensex. Finally, market recovered and ended flat just above EquityPandit’s predicted support levels of 5170 for Nifty and 17050 for Sensex.
Today: Market likely to open positive. Market is still in weaker region and may see further downtrend but 5170-5080 levels would be strong supports for Nifty and every downtrend would now be considered as good opportunity to invest and earn handsome short term profits. Market is expected to see a very strong reaction (Positive Rally) in days to come where 5270-5300 would act as strong resistance for Nifty. Overall market should recover in days to come. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. Traders can take help of EP-Basic Package and EP-F&O Special Package to earn consistent daily profits in any market direction.
BSE Sensex: (17058) The support for the Sensex is 17040-16950-16800 and the resistance to the up move is at 17200-17380-17504.
NSE Nifty: (5179) The support for the Nifty is at 5170-5080 and the resistance to the up move is at 5270-5300.
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