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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative with 38 points for Nifty and 75 points for Sensex like a dot. Nifty and Sensex remained rangebound between EquityPandit’s predicted Support and resistance levels. Finally, Market managed to close above EquityPandit’s predicted Support levels. Sensex also closed just above EquityPandit’s predicted Support levels of 22620. Traders were suggested to go long at that point of time.
Today: Indian Stock Market to open gap positive with 10-30 points for Nifty and 30-80 points for Sensex. Some profit booking can be seen at these levels but overall trend is still positive till Poll results and traders should go long at every down move until Nifty holds 6700 levels. 6808-6820-6850 would act as a strong resistance for Nifty. Whereas support would be seen at 6742-6725-6700. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (6776) The support for the Nifty is at 6742-6725-6700 and the resistance to the up move is at 6808-6820-6850 levels.
BSE Sensex: (22629) The support for the Sensex is at 22620-22500-22370 and the resistance to the up move is at 22720-22800-23000 levels.
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