Last Trading Session: Exactly as predicted by EquityPandit that market would open gap negative and traders can short Nifty below 5745 levels and exactly same happened. Market opened gap negative as per EquityPandit’s predictions. Nifty closed exactly on EquityPandit’s predicted support levels of 5700 like a dot. Nifty has achieved EquityPandit’s given targets of 5700 levels predicted when Nifty was hovering at 6100 levels and hence traders who follow Equitypandit might have made huge returns.
Today: Indian Stock Market likely to open positive with atleast 20+ points for Nifty and 70+ points for Sensex. Nifty now expects some short covering (Positive trend). Nifty possesses immediate support at 5680-5650-5600 levels whereas resistance would be seen at 5745-5780-5800 levels for Nifty. Traders can trade long until Nifty holds 5675 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (18827) The support for the Sensex is at 18760-18600 and the resistance to the up move is at 18880-18950-19075 levels.
NSE Nifty: (5699) The support for the Nifty is at 5680-5650-5600 and the resistance to the up move is at 5745-5780-5800 levels.
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