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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias. Nifty moved positive but saw strong resistance exactly at EquityPandit’s resistance levels of 6565 and fell down sharply from that level. Nifty saw lows right on EquityPandit’s predicted Support levels of 6480 levels and finally managed to close above those levels. Sensex saw lows right on EquityPandit’s predicted support levels of 21720 like a dot.
Today: Indian Stock Market to open gap negative with 15-40 points negative for Nifty. Technically, Nifty has entered into negative territory. Nifty would see some profit booking at this point of time. Nifty would see strong resistance at 6515-6550-6565 levels whereas support would be seen at 6465-6450-6420. Traders can short until Nifty breaches 6515 on the positive side. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (6493) The support for the Nifty is at 6465-6450-6420. and the resistance to the up move is at 6515-6550-6565 levels.
BSE Sensex: (21775) The support for the Sensex is at 21720-21500 and the resistance to the up move is at 21950-22025-22075 levels.
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