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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive with 30 points for Nifty like a dot. EquityPandit suggested traders to go long at every downtrend and traders who followed EquityPandit’s advice might have earned huge profits on Monday. Nifty moved up sharply and saw strong resistance right on EquityPandit’s predicted resistance levels of 6728 like a dot. Market fell down sharply from EquityPandit’s predicted resistance levels and remained choppy for the day but managed to close positive above 6700 mark for Nifty. Market again saw record high yesterday as per EquityPandit’s predictions.
Today: Indian Stock Market to open 12-30 points positive for Nifty. Today, RBI would disclose its Credit Policy at 11 AM and the market’s further direction would be dependent on it. Technically, Analysis would remain same. Nifty’s overall trend is positive and traders should go long at every down move. 6730-6750-6780 would act as a strong resistance for Nifty. Whereas support would be seen at 6660-6640-6600. Traders should go long until Nifty holds 6640 spot levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (6704) The support for the Nifty is at 6660-6640-6600 and the resistance to the up move is at 6730-6750-6780 levels.
BSE Sensex: (22386) The support for the Sensex is at 22250-22185-22075 and the resistance to the up move is at 22470-22500-22650 levels.
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