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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive with 25 points for Nifty. Nifty opened gap positive but saw strong resistance right on EquityPandit’s predicted resistance levels of 6730 like a dot. Market fell down sharply from EquityPandit’s predicted resistance levels and remained choppy lead by Banknifty for the day after RBI have seen not rate cut for the month. But anyhow, market managed to close positive above 6700 mark for Nifty. Market again saw record high yesterday as per EquityPandit’s predictions. Sensex also saw resistance exactly at EquityPandit’s predicted resistance levels of 22500.
Today: Indian Stock Market to open gap positive with 30-60 points for Nifty and 100-180 points for Sensex. Today, Indian Stock Market would see its record highs. Nifty’s overall trend is positive and traders should go long at every down move. 6780-6817-6850 would act as a strong resistance for Nifty. Whereas support would be seen at 6720-6700-6675. Traders should go long until Nifty holds 6675 spot levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (6721) The support for the Nifty is at 6720-6700-6675 and the resistance to the up move is at 6780-6817-6850 levels.
BSE Sensex: (22446) The support for the Sensex is at 22450-22290 and the resistance to the up move is at 22600-22740-22800 levels.
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