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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 25 points positive for Nifty. Indian Stock Market saw record highs yesterday as per EquityPandit’s predictions but saw strong resistance near EquityPandit’s predicted resistance levels of 6632 for Nifty and 22200 levels for Sensex. Nifty saw some profit booking from day highs but managed to close positive above 6600 levels.
Today: Indian Stock Market to open flat. Technically, Nifty’s overall trend is positive but some profit booking can’t be ruled out. Nifty would see high volatility in a rangebound region today due to F&O Expiry. 6632-6650-6680 would act as a strong resistance for Nifty. Whereas support would be seen at 6575-6540-6525. Breach of any of EquityPandit’s predicted Support or Resistance level, would force Nifty to see 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: (6601) The support for the Nifty is at 6575-6540-6525 and the resistance to the up move is at 6632-6650-6680 levels.
BSE Sensex: (22095) The support for the Sensex is at 21900-21820 and the resistance to the up move is at 22200-22320 levels.
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