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Last Trading Session: Exactly as predicted by EquityPandit, Market would open positive and now 6080 would act as important support for Nifty and exactly same happened. Market opened positive as per EquityPandit’s predictions and went down sharply but saw strong support near Equitypandit’s predicted support levels of 6080 for Nifty. Finally market closed negative but just above 6100 levels for Nifty.

Today: Indian Stock Market to flat. RBI Credit Policy to be declared today at 11 AM and Market direction would be directly depend on RBI policy numbers. Breaching levels of 6080 would force market to break 6000 levels for Nifty. Market will likely to face resistance at higher level around 6200-6229-6258-6300. On the negative side 6080-5080-5030 would act as the important supports, breaching which Nifty can see sharp fall. Closing above 6258 would force market to see another sharp uptrend. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20570) The support for the Sensex is at 20480-20000 and the resistance to the up move is at 20772-20850 levels.

NSE Nifty: (6101) The support for the Nifty is at 6080-5080-5030 and the resistance to the up move is at 6200-6229-6258-6300 levels.

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