Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and traders can go long until Nifty holds 5800 levels where strong resistance would be seen at 5932 levels for Nifty and exactly same happened. Market opened flat and saw rangebound movement as predicted. Market moved up and saw strong resistance near EquityPandit’s predicted resistance levels of 5932 for Nifty. Finally Market managed to close positive for the day.
Today: Indian Stock Market to open gap positive with atleast 70-100+ points for Nifty and 250-300+ points for Senesx. Technically, Nifty would see positive movement and our next target for Nifty is 5972-6005-6067-6100 which would also act as resistance levels for Nifty. 5900-5800 would act as strong support for Nifty and traders are suggested to trade long until 5900 holds for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (19962) The support for the Sensex is at 19950-19770-19620 and the resistance to the up move is at 20256-20352-20460 levels.
NSE Nifty: (5899) The support for the Nifty is at 5900-5800 and the resistance to the up move is at 5972-6005-6067-6100 levels.
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