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Last Trading Session: Indian Stock Market opened flat for the day. Exactly as predicted by EquityPandit that market would go up and next logical target would be 6035 levels for Nifty which would act as immediate resistance for Nifty and exactly same happened. Market moved positive as per EquityPandit’s predictions. Market achieved EquityPandit’s predicted targets of 6035 and saw strong resistance right near EquityPandit’s predicted resistance levels of 6035. Finally market closed just below EquityPandit’s predicted resistance levels of 6035. Traders, who followed EquityPandit advice to trade long until Nifty holds 5950, might have earned good profits for the day.
Today: Indian Stock Market likely to open gap negative. Strong resistance may be seen at 6038-6070-6100, which would be next target for Nifty, if Nifty managed to stay above 5980 levels. Traders are still suggested to go long if Nifty stays above 5980 levels but once those levels are breached with force, traders can go short. 5980-5950-5900 would act as strong support for Nifty. Breaching 6100 levels would force market to see levels of 6250 in days to come. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (20034) The support for the Sensex is at 19880-19720-19600 and the resistance to the up move is at 20150-20242 levels.
NSE Nifty: (6030) The support for the Nifty is at 5980-5950-5900 and the resistance to the up move is at 6070-6100 levels.
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