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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. Nifty saw highs near EquityPandit’s predicted resistance levels of 6830 and managed to close below those levels. Finally Nifty remained rangebound and closed flat for the day.
Today: Indian Stock Market to open flat. Today is F&O Expiry due to Mumbai Elections on Thursday and hence market would remain highly volatile in rangebound region. 6838-6850-6900 would act as a strong resistance for Nifty. Whereas support would be seen at 6780-6740-6700. Overall, market trend is positive and traders are suggested to go long on every downtrend, till poll results. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
Important Results to be declared today: BSL, Cairn India, IBUL HSG FIN, Indiabulls Infra, IBREAL, L&T Finance Holdings, M&M Finance, Mastek, SKF India, Sabero Organics, SBBJ, Ultratech Cem, Yes Bank.
NSE Nifty: (6815) The support for the Nifty is at 6780-6740-6700 and the resistance to the up move is at 6838-6850-6900 levels.
BSE Sensex: (22758) The support for the Sensex is at 22700-22620-22500 and the resistance to the up move is at 22850-23000 levels.
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