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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap positive with 47 points for Nifty. As EquityPandit predicted, Indian Stock Market saw new lifetime highs on Friday and traders who followed EquityPandit’s suggestions to go long in Nifty might have earned handsome profits on Friday. Finally, Indian Stock Market closed just near EquityPandit’s predicted resistance levels for Nifty and Sensex.
Today: Indian Stock Market may open gap positive with 20-40 points for Nifty. Technically, now 7500 would act as strong support for Nifty. Indian Stock Market would again see record highs today. Nifty would see strong resistance at 7650-7877 levels for Nifty, whereas support would be seen at 7500-7450. Traders can go long at every downtrend. Trade Data on Tuesday and IIP and CPI data on Tuesday, which would be disclosed this week would decide further market direction. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
NSE Nifty: (7583) The support for the Nifty is at 7500-7450 and the resistance to the up move is at 7650-7877 levels.
BSE Sensex: (25396) The support for the Sensex is at 25120-25000 and the resistance to the up move is at 25500-25770 levels.
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