Signals, Powered By EquityPandit
Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and is expected to see a very strong reaction (Positive Rally) in days to come where 5300 would act as strong resistance for Nifty and 17504 points for Sensex. Market opened positive as per EquityPandit’s prediction and went up sharply. Market saw strong resistance exactly near to Equitypandit’s predicted resistance levels of 5300 for Nifty and finally closed just below those levels at 5296 for Nifty.
Today: Market likely to open flat with positive bias. Now this would be a short trading week with 2 National Holidays and 3 trading sessions. The Nifty on the weekly chart has formed a bullish Hammer candlestick pattern which signals trend reversal and on the coming week trading above the previous week high will turn the tide in favor of the bulls. Nifty would see strong support at 5210-5150 levels whereas strong resistance may be seen at 5350-5385 levels for Nifty. Indian Data of Monthly car sales and Export-Import number would be key data to watch out this week. Overall market is positive and can see levels of 5350-5385 which would be followed by 5500 levels for Nifty in days to come. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. Traders can take help of EP-Basic Package and EP-F&O Special Package to earn consistent daily profits in any market direction.
BSE Sensex: (17404) The support for the Sensex is 17200-17050 and the resistance to the up move is at 17600-17731-17850.
NSE Nifty: (5296) The support for the Nifty is at 5210-5150 and the resistance to the up move is at 5350-5385.
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