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Last Trading Session: Exactly as predicted by EquityPandit that Indian Stock Market would open flat and would see strong resistance at 6045 levels for Nifty and exactly same happened. Market opened flat exactly as per EquityPandit’s predictions. Market remained rangebound and saw resistance exactly near EquityPandit’s predicted resistance levels of 6045 for Nifty. Finally market managed to close above EquityPandit’s predicted support levels of 6000 for Nifty and 20000 for Sensex.

Today: Indian Stock Market to open gap positive with 50 points for Nifty but today Indian Stock Market direction would be decided by quarterly results of IT Giant – Infosys. Infosys is going to disclose it’s results before Market opening and the results would surely decide the Market direction. If Nifty results are above expectations of the Market then it would provide a great support to Nifty upmove. Now Nifty would see strong resistance at 6090-6150 levels for Nifty whereas support would be seen at 6000-5900-5870 levels for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20273) The support for the Sensex is at 20000-19820 and the resistance to the up move is at 20450-20670 levels.

NSE Nifty: (6021) The support for the Nifty is at 6000-5900-5870 and the resistance to the up move is at 6090-6150 levels.

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