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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened 40 points negative for Nifty like a dot. As predicted by EquityPandit, Nifty has seen profit booking at initial trading hours but smartly moved positive in last 1 hour of trading session to close positive for the day. Nifty saw highs exactly at EquityPandit’s predicted Resistance levels of 6515 levels for Nifty.
Today: Indian Stock Market to open positive with 10-25 points positive for Nifty. Technically, 6565 is now a strong resistance to deal with. Breaching 6565 levels for Nifty would force Nifty to see sharp positive momentum. Nifty looks to consolidate in a range bound region of 6430-6565 levels for Nifty. Nifty would see strong resistance at 6520-6550-6565 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: (6504) The support for the Nifty is at 6465-6450-6420. and the resistance to the up move is at 6520-6550-6565 levels.
BSE Sensex: (21810) 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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