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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and we can see further positive movements but strong resistance would be seen at 6233 levels for Nifty but if levels of 6170 breaches on negative side then strong supports would exist at 6156-6145 levels and exactly same happened. Market opened positive as per EquityPandit’s predictions. Market moved positive as per EquityPandit’s predictions and saw high exactly at Equitypandit’s predicted resistance levels of 6233 like a dot. Market saw strong profit booking at these levels and breach levels of 6170 as predicted which forced market to see low exactly at EquityPandit’s predicted support levels of 6145 levels like a dot. Finally market closed just on EquityPandit’s support of 6156 levels like a dot.

Today: Indian Stock Market likely to open flat. Now Nifty may again see strong resistance at 6188 levels and long can be taken only once Nifty breaches resistance of 6188. For Now it looks like Nifty is over-stretched and some profit booking can be seen. Nifty would see strong support at 6145-6120-6100 levels whereas resistance to upmove would be seen at 6188-6201-6233 levels for Nifty. Breaching levels of 6100 by downside can force market to move towards 6000 levels. Traders can consider the stoploss of 6188 levels for Nifty for going short. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20224) The support for the Sensex is at 20150-20000 and the resistance to the up move is at 20500 levels.

NSE Nifty: (6157) The support for the Nifty is at 6145-6120-6100 and the resistance to the up move is at 6188-6201-6233 levels.

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