Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and would be highly volatile in a rangebound region where strong resistance may be seen at 6105 levels for Nifty and 20380 levels for Sensex and exactly same happened. Market opened positive as per EquityPandit’s predictions. Market saw strong resistance near EquityPandit’s predicted resistance levels of 6105 for Nifty and 20380 levels for Sensex. Finally market managed to close flat for the day.
Today: Indian Stock Market to open flat with negative bias. Technically, Market would see sideways movement in a rangebound region. Market may see immediate resistance at 6105-6150 whereas support would be seen at 6035-6000-5970 for Nifty. Since we are heading for F&O Expiry, traders are suggested to trade in very low quantity. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (20302) The support for the Sensex is at 20075-20200-19950 and the resistance to the up move is at 20380-20500-20700 levels.
NSE Nifty: (6078) The support for the Nifty is at 6035-6000-5970 and the resistance to the up move is at 6105-6150 levels.
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