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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and market is now showing strength and once Nifty breaches 5635, strong buying would be seen, which would take market higher and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market moved higher as per EquityPandit’s predictions and was able to breach levels of 5635 for Nifty, which forced market to see a sharp positive movement. Finally, market closed in positive region with strong note. Sensex also saw support exactly near EquityPandit’s predicted support levels of 18880.
Today: Indian Stock Market to open flat. Technically, now market has entered into positive zone. Now once market breaches levels of 5705-5720, one can trade long with 5705 as stoploss. Market would see strong support at 5600 levels whereas immediate support can be seen at 5680 levels. Resistance to positive movement would be seen at 5732-5800 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: (19229) The support for the Sensex is at 19050-19950-18880 and the resistance to the up move is at 19380-19435-19600 levels.
NSE Nifty: (5699) The support for the Nifty is at 5680-5600 and the resistance to the up move is at 5720-5732-5800 levels.
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