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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and further market direction would depend on RBI Policy but 6000-5900 would act as strong support for Nifty and exactly same happened. Market opened flat exactly as per EquityPandit’s predictions. Market remained rangebound till RBI Policy was disclosed and then fell sharply on increase in REPO Rate. Market managed to stay above EquityPandit’s predicted support levels of 5900 for Nifty. Finally market closed in deep negative region but above EquityPandit’s predicted support levels of 6000 for Nifty.
Today: Indian Stock Market to open negative. Now Indian Stock Market has entered into F&O Expiry week. Technically, Market would see strong support at 5900-5800 levels but traders can go short below 6000 levels for Nifty. Strong resistance would be seen at 6130-6180 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: (20264) The support for the Sensex is at 20000-19740 and the resistance to the up move is at 20675-20820 levels.
NSE Nifty: (6012) The support for the Nifty is at 6000-5900-5800 and the resistance to the up move is at 6130-6183 levels.
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