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Last Trading Session: Exactly as predicted by EquityPandit that market would open gap negative and strong support would be seen at 5600 levels for Nifty and 18470 for Sensex and exactly same happened. Market opened gap negative as per EquityPandit’s prediction. Nifty fell down sharply and saw strong support at EquityPandit’s predicted levels of 5600 like a dot. Finally market closed in negative region and Sensex also closed right on EquityPandit’s predicted support levels of 18470 like a dot.
Today: Indian Stock Market likely to open flat with negative bias. Technically, 5600-5580 would act as strong support and would be considered as make or break levels for Nifty. Breaching 5570 would force market to see sharp downfall, whereas positive reaction can’t be ruled out if Nifty is able to hold 5600 levels. Nifty posses strong resistance at 5670-5720 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
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BSE Sensex: (18471) The support for the Sensex is at 18470-18380-18300 and the resistance to the up move is at 18550-18600-18740.
NSE Nifty: (5631) The support for the Nifty is at 5600-5580 and the resistance to the up move is at 5670-5720.
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