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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with positive bias. Indian Stock Market made day highs and saw profit booking at higher levels as predicted by EquityPandit. Market got stabilized at lower levels and then again moved positive to close just above EquityPandit’s predicted support levels of 7225 for Nifty and 24200 levels for Sensex like a dot.
Today: Indian Stock Market may open flat with positive bias. Technically, Nifty and BankNifty have entered into short term negative trend where some profit booking can come in upcoming days. Nifty would see strong resistance at 7300-7325-7380 levels whereas support would be seen at 7200-7150-7100 levels. Now, short term investors and Index traders should wait for levels near 7100-7000 to enter into Nifty to go long and should book profits near 7300-7400. Nifty would remain rangebound between 7000-7500 before Budget session. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7230) The support for the Nifty is at 7200-7150-7100 and the resistance to the up move is at 7300-7325-7380 levels.
BSE Sensex: (24217) The support for the Sensex is at 24150-24000 and the resistance to the up move is at 24350-24530 levels.
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