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Last Trading Session: Exactly as per EquityPandit’s predictions, Market opened flat and remained range bound throughout the day. Nifty saw strong supports exactly above EquityPandit’s predicted support levels of 6150 for Nifty whereas strong resistance was seen at EquityPandit’s predicted resistance levels of 6230 for Nifty. Finally Market closed just above EquityPandit’s levels of 6200 for Nifty. It looks like market is now set for consolidation.

Today: Indian Stock Market to open flat to negative. Analysis would remain same and traders are suggested to buy on dips. Market technicals are now forming strength and it looks that Nifty may touch it’s ultimate resistance level of 6300 in days to come. F0r now, Nifty would see some resistance near 6230 on closing  basis, breaching which Nifty would touch it’s Life time highs and may be, even breach those levels. Nifty would see strong supports near 6150-6080 levels. However market is in the strong up-trend and buy on dips, is the strategy. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20893) The support for the Sensex is at 20400-20600 and the resistance to the up move is at 21000 levels.

NSE Nifty: (6204) The support for the Nifty is at 6150 and the resistance to the up move is at 6230-6300 levels.

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