Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would see see strong support at 5850 levels for Nifty, which if breached, Nifty can see sharp downfall and traders can trade in same direction and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market breached EquityPandit’s predicted support levels of 5850 levels for Nifty and hence as predicted, it fell down sharply. Finally, market closed gap negative for the day.
Today: Indian Stock Market likely to open negative. Falling Rupee and rising Indian trade deficit would be biggest worry of Indian economy. Now, Nifty possesses immediate support at 5760-5700 levels whereas resistance would be seen at 5850 levels for Nifty. Nifty is near to EquityPandit’s given targets of 5750-5700 levels predicted when Nifty was hovering at 6100 levels and hence traders who follow Equitypandit might have made huge returns. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (19143) The support for the Sensex is at 19000-18950-18880 and the resistance to the up move is at 19250-19420 levels.
NSE Nifty: (5789) The support for the Nifty is at 5760-5700 and the resistance to the up move is at 5850 levels.
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