Last Trading Session: As EquityPandit predicted that breaching the psychological level of 6050 can force Nifty to go down sharply and the same happened. Indian stock market closed in sharp red below 6000 mark for Nifty.

Today: Technically market looks weak but now since market has gone down below 6000 for Nifty, we can’t rule out sharp short covering and hence we can see sharp upmove anytime. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.  

BSE Sensex: (19865) The support for the Sensex is 19750-19600 and the resistance to the up move is at 20320.

NSE Nifty: (5988) The support for the Nifty is at 5930-5890 and the resistance to the up move is at 6050-6112.

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