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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and now market has entered positive zone and once it breaches levels of 5705 for Nifty, traders can trade long with stoploss at 5705 where 5680 would act as strong support for Nifty and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market saw breached levels of 5705, which forced market to see highs of 5755 for Nifty and traders who have followed EquityPandit’s suggestions for trading might have earned decent profits. Market saw lows just above EquityPandit’s predicted support levels of 5680 for Nifty. Finally market managed to close in positive region. Sensex also saw highs exactly near EquityPandit’s predicted resistance levels of 19380 and closed just below those levels.
Today: Indian Stock Market to open gap negative. Technically, market is still positive but global sentiments can take it lower into negative region. Nifty possess strong support at 5680-5645-5630 whereas strong resistance may be seen at 5755-5790-5820 levels for Nifty. 5790 would be our next target zone for Nifty, if Nifty managed to stay above 5730 levels by closing. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.
BSE Sensex: (19367) The support for the Sensex is at 19200-19050-18950 and the resistance to the up move is at 19435-19600-19740 levels.
NSE Nifty: (5742) The support for the Nifty is at 5680-5642-5630 and the resistance to the up move is at 5755-5790-5820 levels.
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