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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened with flat with 3 points negative for Nifty. Nifty managed to stay above EquityPandit’s crucial support of 7340 levels and moved sharply positive. Sensex also saw strong support at EquityPandit’s predicted support levels of 24600. Nifty saw strong resistance at Equitypandit’s predicted resistance levels of 7500. Sensex closed at its lifetime high levels at closing levels for the first time above 25000 levels. Nifty also closed just below EquityPandit’s predicted resistance levels of 7500.
Today: Indian Stock Market may open gap positive with 20-40 points for Nifty. Technically, now the breakout has been seen for Nifty and Sensex and it looks to see new all time highs in upcoming sessions. Nifty would see strong resistance at 7500-7520-7570 levels whereas support would be seen at 7360-7340 levels. Traders can go long at every downtrend. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7474) The support for the Nifty is at 7360-7340 and the resistance to the up move is at 7500-7520-7570 levels.
BSE Sensex: (25020) The support for the Sensex is at 24850-24600 and the resistance to the up move is at 25200-25500 levels.
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