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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would see strong supports at 5400 but resistance would be seen at 5530-5552 levels for Nifty and 18880 levels for Sensex and exactly same happened. Market opened flat exactly as per EquityPandit’s predictions. Market saw positive trend but saw strong resistance at 5530 for first half trading session, breaching which Nifty was force to see sharp positive trends. Finally Nifty closed just at EquityPandit’s predicted resistance levels of 5552 for Nifty and 18880 levels for Sensex like a dot.
Today: Indian Stock Market to open positive with 15-40 points for Nifty. Now, technically 5490 would act as immediate support levels for Nifty whereas 5450-5400 would act as strong support for Nifty. Nifty would see strong resistance at 5605-5630-5705. For now traders are suggested to go long until 5490 holds for Nifty. Profit booking would be seen near EquityPandit’s predicted resistances. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (18886) The support for the Sensex is at 18670-18450 and the resistance to the up move is at 19075-19250-19400 levels.
NSE Nifty: (5551) The support for the Nifty is at 5490-5450 and the resistance to the up move is at 5606-5630-5705 levels.
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