Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive. As suggested by EquityPandit, that traders should go long once Nifty breaches 6225-6250 levels and those who followed the levels might have earned good profits yesterday. Finally Nifty closed gap positive for the day.
Today: Indian Stock Market to open negative. Retail Inflation eases to 9.87% in December. Nifty to see strong support at 6200-6150 whereas strong resistance would be seen at 6305-6350 levels for Nifty. Now 6200 is important levels to watch and until then Nifty would be considered positive and see more positive movements in days to come. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (21134) The support for the Sensex is at 21000-20888 and the resistance to the up move is at 21330-21500 levels.
NSE Nifty: (6273) The support for the Nifty is at 6200-6150 and the resistance to the up move is at 6305-6350 levels.
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