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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened flat with 3 points positive for Nifty. Nifty saw short covering as per EquityPandit’s predictions but was not able to sustain at higher levels. Nifty fell down sharply from day highs and saw lows exactly at EquityPandit’s predicted support levels of 7500 like a dot. Sensex also saw lows exactly near EquityPandit’s predicted support levels of 25070 like a dot. Finally, Indian Stock Market closed negative for the day.
Today: Indian Stock Market to open positive with 20-40 points for Nifty. Some short covering can’t be ruled out after three days of down move and hence some positive movement is expected in the market today. Technically, Indian Stock Market is under consolidation phase and it would still continue to remain so between range of 7450-7700 for Nifty. Breaching any of these levels would force Nifty the move sharply in that direction. 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: (7511) The support for the Nifty is at 7500-7480-7450 and the resistance to the up move is at 7605-7680-7720 levels.
BSE Sensex: (25106) The support for the Sensex is at 25070-25000-24840 and the resistance to the up move is at 25430-25650-25780 levels.
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