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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive and saw highs exactly near EquityPandit’s predicted resistance levels of 6350 but in the second half of trading session, Nifty suddenly lost its support level of 6280 led by heavy selling across the sector. As EquityPandit said that breaching EquityPandit’s support of 6280-6250 would force Nifty to see a sharp fall and exactly same happened. Nifty saw lows of 6211 after breaching EquityPandit’s predicted support of 6280 levels.
Today: Nifty will see a gap negative opening. It looks like, yesterday Indian Stock Market already smelled short term correction in US and Asian market. On Nifty front, 6150-6100 is the support & 6250 is the key resistance to be deal with. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (20888) The support for the Sensex is at 20500-20650 and the resistance to the up move is at 21000-20900 levels.
NSE Nifty: (6221) The support for the Nifty is at 6150-6100 and the resistance to the up move is at 6250 levels.
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