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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat but since market has entered into negative zone and market can see further downfall where our next target would be 5430 for Nifty breaching which Nifty would see a sharp free fall and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market saw a sharp downfall and achieved EquityPandit’s predicted targets of 5430 and traders who followed EquityPandit’s suggestions might have earned huge profits in Stock Market. Market breached Equitypandit’s levels of 5430 and as predicted by EquityPandit, Market saw sharp free fall up to 5360 levels for Nifty.
Today: Indian Stock Market to open negative. Technically, now market has entered into bear phase and weakening rupee is a big worry for Indian Stock market. Any upmove would be just a short-covering, nothing else. Market can only be considered positive if it breaches levels of 5600 for Nifty. For now market is a short sell opportunity. Nifty possesses immediate support at 5360-5340-5230 levels for Nifty whereas strong resistance may be seen at 5465-5500 levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (18307) The support for the Sensex is at 18140-18000-17850 and the resistance to the up move is at 18485-18580-18720 levels.
NSE Nifty: (5414) The support for the Nifty is at 5360-5340-5230 and the resistance to the up move is at 5465-5500 levels.
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