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Last Trading Session: Exactly as predicted by Equitypandit, Indian Stock Market opened negative and recovered sharply due to short covering in banks. Market remains in small range throughout the day and Nifty managed to close above EquityPandit’s predicted support levels of 6150.

Today: Indian Stock Market will open positive. However this rally to be seen just as a short covering rally and Nifty will face major resistance at 6200-6230 level. Nifty would see strong support at 6150-6100 levels. RBI Policy to be disclosed tomorrow, would be major driver for the market in either side. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20659) The support for the Sensex is at 20602 and the resistance to the up move is at 20860-21000 levels.

NSE Nifty: (6154) The support for the Nifty is at 6150-6100 and the resistance to the up move is at 6200-6230 levels.

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