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Last Trading Session: Exactly as predicted by EquityPandit that market would open gap negative with alteast 50+ points for Nifty and 160+ points for Sensex and 5740 would be deciding point breaching which, Nifty would be forced to see sharp downfall and exactly same happened. Market opened negative with 50+ points for Nifty and 160+ points for Sensex as per EquityPandit’s predictions. Market managed to breach levels of 5740 as per EquityPandit’s predictions which forced market to see a sharp downfall. Finally, market closed gap negative for the day. Sensex also closed right above EquityPandit’s predicted support levels of 18700.
Today: Indian Stock Market likely to open negative. Now breaching levels of 5645 would force market to see targets of 5600-5565-5500 levels which would act as immediate supports for Nifty. Nifty would see strong resistance at 5685-5700-5745 levels. Overall market direction is negative but some sharp short covering can be seen at lower levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (18719) The support for the Sensex is at 18560-18470-18320 and the resistance to the up move is at 18880-18950-19075 levels.
NSE Nifty: (5656) The support for the Nifty is at 5600-5565-5500 and the resistance to the up move is at 5685-5700-5745 levels.
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