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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 35 points positive for Nifty. Nifty saw strong resistance at 6525 whereas supports were seen exactly at EquityPandit’s predicted support levels of 6480, like a dot. Indian Stock Market also had a small trading session on Saturday, where market remained flat for the day. Sensex also saw strong support at EquityPandit’s predicted Support levels of 21720 like a dot.
Today: Indian Stock Market to open positive with 15-40 points for Nifty. Technically, 6525-6550-6575 would still act as a strong resistance for Nifty. Whereas support would be seen at 6480-6465-6450. Market would remain rangebound between EquityPandit’s predicted support and Resistance levels. Nifty may see some short-covering for the day. Breach of any of EquityPandit’s predicted Support or Resistance level, would force Nifty to sharp movement in that direction. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (6495) The support for the Nifty is at 6480-6465-6450. and the resistance to the up move is at 6525-6550-6575 levels.
BSE Sensex: (21755) The support for the Sensex is at 21720-21500 and the resistance to the up move is at 21850-21950-22025 levels.
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