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Last Trading Session: Exactly as predicted by EquityPandit, Market open flat with negative bias and 6229 is a important resistance level by closing, which Nifty was not able to maintain and fell down sharply to close negative for the day. However, Nifty closed exactly above EquityPandit’s predicted support levels of 6163 like a dot. Sensex also saw lows exactly at EquityPandit’s predicted support levels of 20658 like a dot.

Today: Indian Stock Market to negative. Market will likely to face resistance at higher level around 6229-6258-6300 and now 6229 is the very crucial resistance to deal with. On the negative side 6160-6120-6080 is the important support, breaching which Nifty can see sharp fall. Closing above 6229 would force market to see another 100 points upmove for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20725) The support for the Sensex is at 20658-20480 and the resistance to the up move is at 20850 levels.

NSE Nifty: (6164) The support for the Nifty is at 6160-6120-6080 and the resistance to the up move is at 6229-6258-6300 levels.

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