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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and Nifty is expected to consolidate between 5780 and 5880 levels, which would act as immediate support and resistance levels and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market saw strong downfall but made low exactly at EquityPandit’s predicted support levels of 5780 like a dot. Market recovered exactly from EquityPandit’s predicted support levels of 5780 and finally managed to close flat with positive bias.
Today: Indian Stock Market likely to open gap negative with atleast 50+ points for Nifty and 160+ points for Sensex . Analysis would still remain same. Nifty is expected to consolidate 5740-5845 levels, which would act as immediate support and resistance levels for Nifty, breaching which Nifty would be forced to move in same direction sharply. Nifty may see some profit booking at higher levels. Nifty possesses immediate support at 5780-5740-5700 whereas resistance would be seen at 5845-5880 levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (19246) The support for the Sensex is at 19075-18950-18700 and the resistance to the up move is at 19340-19430-19620 levels.
NSE Nifty: (5822) The support for the Nifty is at 5780-5740-5700 and the resistance to the up move is at 5845-5880 levels.
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