Last Trading Session: Exactly as predicted by EquityPandit that market would open gap positive with atleast 70-100+ points for Nifty and 250-300+ points for Sensex where 6100 would be next target for Nifty and traders can go long until Nifty holds 5900 levels for Nifty and exactly same happened. Market opened gap positive exactly with EquityPandit’s predicted levels of 100+ for Nifty and 300+ for Sensex. Nifty finally achieved EquityPandit’s predicted targets of 6100 levels and managed to close above those levels.
Today: Indian Stock Market to open flat. Now RBI Policy, which is going to be disclosed today, would definite further market direction. Overall market direction is positive but Nifty would see strong resistance at 6230-6303, breaching which Nifty would see sharp positive movement. Nifty would see strong resistance at 6000 levels for Nifty. Now, traders are suggested to trade only once RBI Policy is disclosed. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (20647) The support for the Sensex is at 20340-20000 and the resistance to the up move is at 20820-21077-21250 levels.
NSE Nifty: (6116) The support for the Nifty is at 6000 and the resistance to the up move is at 6230-6303 levels.
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