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Last Trading Session: Exactly as predicted by EquityPandit, Market would open negative and 6120 would act as strong support level for Nifty and exactly same happened. Market opened negative as per EquityPandit’s predictions. Market saw downtrend but saw strong supports exactly at EquityPandit’s predicted support levels of 6120 like a dot. Finally market closed above EquityPandit’s predicted support levels of 6120.

Today: Indian Stock Market to positive. Market will likely to face resistance at higher level around 6200-6229-6258-6300 and now 6258 is the very crucial resistance to deal with. On the negative side 6120-6080-5080 would act as the important supports, breaching which Nifty can see sharp fall. Closing above 6258 would force market to see another sharp uptrend. Market has entered F&O Expiry week, with series of important news to get disclosed. RBI Policy to be disclosed tomorrow and then FED Meeting would be main market movers. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20684) The support for the Sensex is at 20620-20480 and the resistance to the up move is at 20850 levels.

NSE Nifty: (6150) The support for the Nifty is at 6120-6080-5080 and the resistance to the up move is at 6200-6229-6258-6300 levels.

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