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Check Why EquityPandit recommends EP-Basic Package

Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive bias and would see strong resistance near 5925 levels for Nifty and 19450 levels for Sensex and exactly same happened. Market opened flat with positive bias and moved further positive. Market saw strong resistance at EquityPandit’s predicted resistance levels of 5925 for Nifty and 19450 levels for Sensex. Finally market closed below EquityPandit’s predicted resistance levels.

Today: Indian Stock Market likely to open positive. Technically, market possess strong resistance at 5925-5955 levels for Nifty, breaching which market can see levels of 5980-6000 levels for Nifty, whereas support exists at 5880-5840 levels for Nifty, breaching which, market can tank down to 5780 levels for Nifty. Traders are suggested to trade long until 5880 levels holds for Nifty. Today is F&O Expiry day and hence market will be highly volatile. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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BSE Sensex: (19417) The support for the Sensex is at 19370-19200 and the resistance to the up move is at 19470-19660-19740.

NSE Nifty: (5906) The support for the Nifty is at 5880-5840 and the resistance to the up move is at 5925-5955-5980.

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