Last Trading Session: Exactly as predicted by EquityPandit that Indian Stock Market would open negative with 10-30 points for Nifty and 40-80 points for Nifty and would see strong support at 5300 levels breaching which market would see a prolonged down trend and can see the levels of 5245 levels, and exactly same happened. Market opened negative with 15 points for Nifty as per EquityPandit’s prediction, Once the levels of 5300 were breached, market fell down sharply to Equitypandit’s predicted support levels of 5245 levels for Nifty like a dot. Finally market closed in negative region.
Today: Indian Stock Market likely to open negative with 10-30 points for Nifty and 50-100 points for Sensex. Market now would enter into F&O expiry week and huge volatility would be expected. Market would see strong support at the levels of 5245 for Nifty whereas 5340-5375 would act as strong resistance levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.
BSE Sensex: (17373) The support for the Sensex is 17200 and the resistance to the up move is at 17522-17600-17731.
NSE Nifty: (5291) The support for the Nifty is at 5245 and the resistance to the up move is at 5340-5375.
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