Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and Nifty may see levels near to 6070, which would act as strong resistance for Nifty whereas 6000 would act as strong support for Nifty and exactly same happened. Market opened positive as per EquityPandit’s predictions. Market move higher and saw highs exactly near EquityPandit’s predicted resistance levels of 6070 from where it fell down near to EquityPandit’s predicted support levels of 6000. Finally market closed marginally negative for the day.
Today: Indian Stock Market to open flat. Technically, analysis would still remain same but since we are entering into F&O Expiry week, we may see sharp volatility in a rangebound region. Market may see immediate resistance at 6070-6105-6150 whereas support would be seen at 6000-5970-5920 for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (20150) The support for the Sensex is at 19950 and the resistance to the up move is at 20380-20500-20700 levels.
NSE Nifty: (6029) The support for the Nifty is at 6000-5970-5920 and the resistance to the up move is at 6070-6105-6150 levels.
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