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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap negative for Nifty. As EquityPandit predicted, that some profit booking can’t be ruled out but Indian Stock Market’s overall trend looks positive and it would again resume positive trend after profit booking and exactly same happened. Market saw profit booking during opening but again resumed it’s positive trend. Finally, Market closed positive below our resistance of 6550 levels for Nifty. Sensex also made high below Equitypandit’s predicted Resistance levels of 22075 and closed below 22000 mark.
Today: Indian Stock Market to open flat. Technically, Indian Stock Market is in positive trend and one should follow the trend. Nifty would see strong resistance at 6550-6565-6600 levels whereas support would be seen at 6500-6480-6450. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (6537) The support for the Nifty is at 6500-6480-6450. and the resistance to the up move is at 6550-6565-6600 levels.
BSE Sensex: (21935) The support for the Sensex is at 21800-21720-21500 and the resistance to the up move is at 22075-22200 levels.
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