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Last Trading Session: Exactly as predicted by EquityPandit that market would open negative and is still weak and once 5870 breaches, market may see levels near 5800 for Nifty and exactly same happened. Market opened negative exactly as per EquityPandit’s predictions. Market saw downfall from there and breached EquityPandit’s predicted support levels of 5870 for Nifty, which forced market to move near 5800 levels exactly as per EquityPandit’s predictions. Market finally closed at 5832 levels for Nifty.
Today: Indian Stock Market to open flat. Technically, Market is still weak and Nifty’s next target would be 5800 levels. Once the level of 5800 is breached, market may see downfall till 5700 levels for Nifty. Nifty may see strong support near 5800-5780-5735 levels whereas resistance may be seen now at 5850-5875-5910 Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (19593) The support for the Sensex is at 19540-19380-19200 and the resistance to the up move is at 19740-19950-20075 levels.
NSE Nifty: (5832) The support for the Nifty is at 5800-5780-5735 and the resistance to the up move is at 5850-5875-5910 levels.
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