Last Trading Session: Exactly as predicted by EquityPandit that market would open and market may see immediate resistance at 6070 levels for Nifty whereas 6000 would act as strong support for Nifty and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market saw lows exactly near EquityPandit’s predicted levels of 6000 for Nifty. Market moved higher from there but saw strong resistance near EquityPandit’s predicted resistance levels of 6070 for Nifty. Finally market closed flat for the day.
Today: Indian Stock Market to open positive. Technically, analysis would still remain same and since we are in 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: (20159) The support for the Sensex is at 19950 and the resistance to the up move is at 20380-20500-20700 levels.
NSE Nifty: (6032) 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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