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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 33 points negative for Nifty. sharp Short covering was seen from there, exactly as per EquityPandit’s predictions. Nifty saw highs exactly at EquityPandit’s predicted resistance levels of 6600 for Nifty. Sensex also saw highs exactly at EquityPandit’s predicted resistance levels of 22075 like a dot. Finally, market closed flat with positive bias.
Today: Indian Stock Market to open positive with 15-40 points for Nifty. Technically, Nifty has already seen a breakout. Traders should go long in Market and avoid short selling in this market. 6632-6650-6680 would act as a strong resistance for Nifty. Whereas support would be seen at 6540-6525-6500. 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: (6590) The support for the Nifty is at 6540-6525-6500 and the resistance to the up move is at 6632-6650-6680 levels.
BSE Sensex: (22055) The support for the Sensex is at 21900-21820 and the resistance to the up move is at 22075-22200-22320 levels.
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