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Last Trading Session: Exactly as predicted by EquityPandit, yesterday was another small volume trading day with no movements in front liner stocks. Focus was only on midcaps and small caps. Nifty saw resistance exactly at Equitypandit’s predicted resistance levels of 6330 like a dot.
Today: Nifty would open mildly positive and analysis would still remain same. Below 6250 Nifty will lose its uptrend. Till then, Nifty uptrend will remain intact. Market volumes should start picking up from today as FII’s are back from holiday season. Though it will take few days to normalize the volumes, but some movement is expected to be seen in the market. On the upside 6330-6350 are the key resistance levels for Nifty whereas strong support would be seen at 6280-6250 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (21140) The support for the Sensex is at 21000-20950 and the resistance to the up move is at 21350-21400 levels.
NSE Nifty: (6301) The support for the Nifty is at 6280-6250 and the resistance to the up move is at 6350-6330 levels.
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