Last Trading Session: Exactly as predicted by EquityPandit that market would open positive but would see a rangebound region where strong resistance would be seen at 6000 levels for Nifty whereas supports would be seen at 5940 levels for Nifty and exactly same happened. Market opened positive for the day and remained rangebound exactly as predicted by EquityPandit. Finally Market closed in the positive region.

Today: Indian Stock Market likely to open flat. Technically, analysis would remain same. Nifty would see bullishness only once it closes above 6020 levels, until then rangebound session can be seen where Nifty would move up to 6000 and would again see profit booking. Once Nifty is able to breach levels of 6020, a new uptrend would be seen in the market as huge buying would come breaching levels of 6020 for Nifty. Nifty would see strong support at 5935-5900-5865, whereas resistance would be seen at 6000-6020-6050. Once Nifty is able to close above 6020, levels of 6050-6100 can be seen soon. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (19674) The support for the Sensex is at 19504-19380 and the resistance to the up move is at 19740-19880-20000 levels.

NSE Nifty: (5971) The support for the Nifty is at 5935-5900-5865 and the resistance to the up move is at 6000-6020-6050 levels.

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