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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive bias and currently market is in positive trend as various technical chart patterns and indicators are showing bullishness and hence traders are suggested to trade long where Nifty would see strong support at 5570 and resistance at 5680 levels and exactly same happened. Market opened flat with positive bias as predicted by EquityPandit. Market saw profit booking thereon as per EquityPandit’s predictions and saw lows exactly at EquityPandit’s predicted support levels of 5570 for Nifty like a dot. Market reversed from there and went positive as per EquityPandit’s predictions and saw high exactly at EquityPandit’s predicted resistance levels of 5680 levels for Nifty. Finally market closed positive for the day. Sensex also saw high exactly at EquityPandit’s predicted resistance levels of 19300 levels.
Today: Indian Stock Market to open gap positive with atleast 30+ points for Nifty and 100+ points for Sensex. Technically, Market is still positive but 5730-5745 would act as immediate resistance for Nifty, breaching which Nifty can see levels of 5782-5800-5900 levels. Nifty possess strong resistance at 5730-5754-5782 whereas support would be seen at 5565-5550-5500 levels for Nifty. Traders are suggested to trade long until Nifty holds 5550 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (19270) The support for the Sensex is at 18950-18880-18670 and the resistance to the up move is at 19450-19620-19800 levels.
NSE Nifty: (5680) The support for the Nifty is at 5565-5550-5500 and the resistance to the up move is at 5730-5754-5782 levels.
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