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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with atleast 50+ points for Nifty and 160+ points for Sensex and traders should trade long in any condition as all technical charts and indicators are showing bullishness where 5605 wold act as strong resistance for Nifty and exactly same happened. Market opened gap positive exactly as per EquityPandit’s predictions. Market saw sharp positive trend exactly as per Equitypandit’s predictions. Traders who followed EquityPandit’s suggestion to go long at any opening levels might have earned huge profits. Finally market closed just below Equitypandit’s predicted levels of 5600 for Nifty.
Today: Indian Stock Market to open flat to positive. Technically, market is in positive trend and various technical indicators and chart patterns are still showing short term bullishness. Some profit booking can’t be ruled out at this point of time. Bank Nifty is showing strong bullishness but trades should be done with cautious after a big upmove yesterday. Nifty to see strong support at 5570-5550-5500 levels whereas strong resistance would be seen at 5570-5550-5500 levels. Traders should trade long with stoploss at 5500 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: (18980) The support for the Sensex is at 18880-18670-18550 and the resistance to the up move is at 19120-19300-19450 levels.
NSE Nifty: (5593) The support for the Nifty is at 5570-5550-5500 and the resistance to the up move is at 5627-5680 levels.
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