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Last Trading Session: Exactly as predicted by Equitypandit, Nifty opened 40 points positive but were not able to sustain the gains and fell down sharply. As we said 6200 level is the important level to watch out for and breaching those levels would pull Nifty sharply negative. Nifty lost those levels in early trade and closed deep in red.

Today: Nifty will open flat to negative. It looks like FED’s tapering will not create much downside for Nifty and EquityPandit strongly believe that Nifty still has good chance to reach the levels of 6300. It’s a stock specific market now and buy on dip is the vest strategy. Nifty possess strong support at 6130-6100 whereas strong resistance would be seen at 6190-6229. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20708) The support for the Sensex is at 20650-20500 and the resistance to the up move is at 20800-20950 levels.

NSE Nifty: (6166) The support for the Nifty is at 6130-6100 and the resistance to the up move is at 6190-6229 levels.

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Note: Stocks to trade for F&O and cash intraday and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.