Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock market opened gap negative with 30+ points for Nifty and 120+ points for Sensex. Nifty saw sharp downtrend as predicted by EquityPandit but short-covering helped Nifty to close above 6000 and Sensex above 20000 levels. Nifty saw lows exactly near Equitypandit’s predicted support levels of 5920 for Nifty but closed right below EquityPandit’s predicted resistance levels of 6005 levels.
Today: Indian Stock Market to open flat.Technically, 5972-5950-5920 would act as support for Nifty whereas resistance would be seen at 6030-6075-6100 levels for Nifty. Nifty would see some consolidation in a rangebound region. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Q3 Results to be disclosed today: BHEL, Blue Dart, Chennai Petro, Power Grid, Ranbaxy.
BSE Sensex: (20212) The support for the Sensex is at 20000-19850 and the resistance to the up move is at 20340-20500 levels.
NSE Nifty: (6001) The support for the Nifty is at 5972-5950-5920 and the resistance to the up move is at 6030-6075-6100 levels.
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