Last Trading Session: Exactly as per EquityPandit’s predictions, Indian Stock Market remained rangebound between levels of 5120 and 6250 levels for Nifty. Infosys results which were inline to the expectations, were not able to drive the market. IIP Data was disclosed Friday evening. November 2013 IIP at -2.1% Vs -1.8 (MoM) which was a very negative news for Indian Stock Market. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market to open positive. Nifty to see strong support at 6150-6120 whereas strong resistance would be seen at 6225-6250-6305 levels for Nifty. Traders can go long once Nifty breaches 6250 levels. Till then, Nifty would remain rangebound. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20758) The support for the Sensex is at 20650-20500 and the resistance to the up move is at 20900-21000 levels.

NSE Nifty: (6171) The support for the Nifty is at 6150-6120 and the resistance to the up move is at 6225-6250 levels.

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