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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive with 15 points for Nifty and 70 points for Sensex like a dot. Profit booking was seen as predicted by EquityPandit. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 6820 whereas lows were seen near EquityPandit’s predicted support levels of 6700 levels. Sensex also remained between EquityPandit’s support and resistance levels. Finally, Nifty closed gap negative for the day on higher than expected Inflation data.
Today: Indian Stock Market to open flat. Further profit booking would be seen as Bank Nifty has formed double top pattern. 6780-6808-6820 would act as a strong resistance for Nifty. Whereas support would be seen at 6725-6700-6680. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (6733) The support for the Nifty is at 6725-6700-6680 and the resistance to the up move is at 6780-6808-6820 levels.
BSE Sensex: (22485) The support for the Sensex is at 22420-22340-22200 and the resistance to the up move is at 22620-22740-22800 levels.
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