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Last Trading Session: Exactly as predicted by EquityPandit, Market remained range bound throughout the day and nifty still managed to close above 6200.

Today: Indian Stock Market to open flat to positive. 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 even breach those levels. Nifty would see strong supports near 6163 levels. However market is in the strong up-trend and buy on dips, is the strategy.Closing above 6229 would force market to see another 100 points upmove for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20864) The support for the Sensex is at 20764-20658 and the resistance to the up move is at 21050 levels.

NSE Nifty: (6203) The support for the Nifty is at 6163 and the resistance to the up move is at 6229-6300 levels.

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