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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened positive with 20 points for Nifty and 67 points for Sensex. Nifty moved higher but saw strong resistance at EquityPandit’s predicted resistance levels of 6750. Sensex also saw highs exactly at EquityPandit’s predicted resistance levels of 22600 like a dot. Indian Stock Market remained rangebound with very low volumes, exactly as per EquityPandit’s predictions. Finally, Market managed to close positive for the day.
Today: Indian Stock Market to open flat. 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 is a continuous seller in the market, which is a bad sign for Indian Stock 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: Aditya Birla Chem, Allahabad Bank, Hindustan Media, Lupin, Procter & Gamble, Syndicate Bank.
NSE Nifty: (6715) 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: (22508) The support for the Sensex is at 22340-22280-22200 and the resistance to the up move is at 22600-22680-22875 levels.
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