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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat for the day. As EquityPandit said that FIIs selling in the market is bad news and market can be in selling mode and exactly same happened. Market breakdown sharply but anyhow managed to close just above EquityPandit’s predicted levels of 6650 levels for Nifty. Finally, market closed negative for the day. Sensex also saw lows exactly at EquityPandit’s predicted support levels of 22280 levels like a dot.
Today: Indian Stock Market to open gap positive with 15-30 points for Nifty and 30-100 points for Sensex. Technically, Analysis would remain same. 6750-6780-6800 would still act as a strong resistance for Nifty whereas supports would be seen at 6680-6650-6620. FII are still a seller in the market, which is a bad sign for Indian Stock Market. But good news is that BankNifty is sustaining the levels. Short covering (Positive trends) can be seen today in the market. Nifty would remain rangebound due to uncertainty of exit polls. Breaching EquityPandit’s predicted support or resistance levels would force Nifty to see a breakout or breakdown. 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: Amtek Auto, Amtek India, Glenmark Pharma, Jai Corp, NDTV, Sintex Inds, TALWALKAR, Union Bank.
NSE Nifty: (6653) The support for the Nifty is at 6680-6650-6620 and the resistance to the up move is at 6750-6780-6800 levels.
BSE Sensex: (22324) The support for the Sensex is at 22280-22200-22120 and the resistance to the up move is at 22600-22680-22875 levels.
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