Last Trading Session: As predicted by EquityPandit that Market would open positive with 10-30 points for Nifty and would be able to breach the resistance of 5302 for Nifty but would remain in rangebound and only see sideways movements and exactly same happened. Market opened positive with EquityPandit predicted levels of 25 points for Nifty and then had breached the resistance levels of 5302 for Nifty but was not able to sustain at higher levels and fell down to see sideways movement in rangebound region and closed marginally positive for the day.
Today: Indian Stock Market likely to open flat with positive bias. Indian Stock Market would still see sideways movements and remain in the region of 5200-5375 for some time where 5200 would emerge as an strong support for Nifty. New supports which had been emerged out is 5260. Nifty would possess strong support at 5200 whereas resistance may be seen at 5302-5375 levels for Nifty. Traders can trade long until Nifty holds levels of 5260. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.
BSE Sensex: (17425) The support for the Sensex is 17200-17100 and the resistance to the up move is at 17504-17600-17740.
NSE Nifty: (5288) The support for the Nifty is at 5260-5200 and the resistance to the up move is at 5305-5375.
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