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Last Trading Session: Exactly as EquityPandit said that Nifty won’t have much effect on FED Tapering and Nifty has a very good chance to climb above 6300 level in upcoming days and exactly same happened. Nifty opened flat and rallied all the way to 6284.
Today: Nifty would open mildly positive as global markets are on Santa rally. Today, we entered in F&O expiry week and we will only see stock specific movement with very less volumes. So Nifty may not touch it’s life high but surely Nifty should go nearer to 6400 till expiry. Nifty to see strong support at 6250-6200 whereas strong resistance may be seen at 5305-5330. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (21079) The support for the Sensex is at 21000-20950 and the resistance to the up move is at 21200-21350 levels.
NSE Nifty: (6274) The support for the Nifty is at 6250-6200 and the resistance to the up move is at 6305-6330 levels.
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Note: Stocks to trade for F&O and cash intraday and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.