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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat. As EquityPandit predicted, Market was still not able to break the range of 7480-7700 on either side. Oil and Gas sector has seen sharp fall as predicted by EquityPandit. Market saw sharp downtrend but saw lows exactly at EquityPandit’s predicted support levels of 7480 like a dot. Finally, Nifty closed just above EquityPandit’s predicted support levels of 7480 in the negative region.
Today: Indian Stock Market to open flat. Today the new expiry has started and we can see some movement in the market. Analysis would remain same. Indian Stock Market would still remain rangebound and breakout would only be seen only if Nifty breaches levels of 7680 levels. Technically 7480 level is a make or break level for Nifty by closing. If Nifty closes below 7480 levels then the sharp downtrend would be seen in days to come and Nifty could even test levels of 7250 in that case. 7500-7480-7450 would act as strong support for Nifty. Nifty would see strong resistance at 7605-7680-7720 levels for Nifty. Traders should buy near EquityPandit’s predicted support levels and should sell near EquityPandit’s predicted resistance levels in this market. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7493) The support for the Nifty is at 7480-7450-7250 and the resistance to the up move is at 7570-7605-7680 levels.
BSE Sensex: (25063) The support for the Sensex is at 25000-24840-24720 and the resistance to the up move is at 25320-25430-25650 levels.
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