Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened negative. Nifty remained rangebound exactly between EquityPandit’s predicted levels of 6200 and 6305. Sensex also saw lows exactly near EquityPandit’s predicted support levels of 21000. Finally, market closed gap negative around 6242 levels for Nifty.
Today: Indian Stock Market to open positive. Technically, the analysis would remain same and 6200 is still the support level, which is to be looked at. Nifty to see strong support at 6200-6150 whereas strong resistance would be seen at 6305-6350 levels for Nifty. Nifty would be considered positive until it holds 6200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (21033) The support for the Sensex is at 21000-20888 and the resistance to the up move is at 21330-21500 levels.
NSE Nifty: (6242) 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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