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Last Trading Session: Indian Stock Market opened flat and went down sharply as per EquityPandit’s predictions. As predicted by EquityPandit that market would see strong support at 5300 whereas resistance would be seen at 5495 and traders are suggested to initiate short sell only below 5300 levels for Nifty and exactly same happened. Market moved down but saw strong support near Equitypandit’s predicted resistance levels. Market bounced back near to 5460 levels for Nifty and managed to close gap positive. Sensex also closed right on EquityPandit’s predicted resistance levels of 18564 levels
Today: Indian Stock Market to open gap positive with atleast 50+ points for Nifty and 160+ points for Sensex. Technically, market is in positive trend and various technical indicators and chart patterns are showing short term bullishness. Nifty to see strong support at 5425-5385 levels whereas strong resistance would be seen at 5530-5565-5605 levels. Traders should trade long with stoploss at 5400 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: (18567) The support for the Sensex is at 18430-18180-18130 and the resistance to the up move is at 18908-19075-19200 levels.
NSE Nifty: (5448) The support for the Nifty is at 5425-5385 and the resistance to the up move is at 5530-5565-5605 levels.
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