Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with negative bias, and would see strong support at 5970 and exactly same happened. Market opened negative as per EquityPandit’s predictions. Market moved further negative and breached EquityPandit’s predicted support of 6035 for Nifty, which forced market to fell down sharply near to EquityPandit’s support of 5970. Finally, market closed just above those support levels but in deep red. Sensex also closed just above EquityPandit’s predicted support levels of 20075.
Today: Indian Stock Market to open negative. Today, we are heading into F&O Expiry day and huge volatility is expected. Normally we suggest traders not to trade on F&O Expiry else should trade in small quantity. Technically, Nifty should see strong support at 5950-5915-5880 whereas strong resistance may be seen at 6038-6051-6100. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (20091) The support for the Sensex is at 19950-19730 and the resistance to the up move is at 20180-20250-20380 levels.
NSE Nifty: (5990) The support for the Nifty is at 5950-5915-5880 and the resistance to the up move is at 6038-6051-6100 levels.
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