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Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market opened gap positive with 38 points for Nifty. As EquityPandit predicted, Indian Stock Market again saw new lifetime highs on Monday and traders who followed EquityPandit’s suggestions to go long in Nifty might have earned handsome profits on Monday. Finally, Nifty closed just at EquityPandit’s predicted resistance levels of 7650 levels.
Today: Indian Stock Market may open flat. Technically, now 7500 would act as strong support for Nifty. There may be some profit booking but traders and investors should not get confused correction with downtrend and should buy at every dip as this is the bull market. Nifty would see strong resistance at 7680-7800-7877 levels for Nifty, whereas support would be seen at 7580-7500-7450. Market would be led by Railway, Cement, metal and auto sector. Trade Data would be disclosed today, IIP and CPI data which would be disclosed on Thursday 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: (7655) The support for the Nifty is at 7580-7500-7450 and the resistance to the up move is at 7680-7800-7877 levels.
BSE Sensex: (25580) The support for the Sensex is at 25450-25120-25000 and the resistance to the up move is at 25650-25770-25880 levels.
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