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Last Trading Session: Exactly as predicted by EquityPandit, yesterday was all about RBI policy and as EquityPandit’s predictions Nifty rallied 80 points. However on intraday basis Bank Nifty lost all the gain and recovered mildly at the end of the day. Nifty saw resistance exactly near Equitypandit’s predicted resistance levels of 6230.

Today: Indian Stock Market to open positive due to positive global cues. Yesterday FED announced tapering and all markets react positively as expected. For nifty overall trend is positive & 6200 is the key level. Nifty would be considered positive until it holds 6200 levels and nifty can touch 6300 levels. Nifty to see strong resistance at 6250-6300-6330 levels whereas resistance would be seen at 6200 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: (20859) The support for the Sensex is at 20850-20800 and the resistance to the up move is at 21000 levels.

NSE Nifty: (6217) The support for the Nifty is at 6200 and the resistance to the up move is at 6250-6300-6330 levels.

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