Last Trading Session: As predicted by EquityPandit that Market would open positive with 5095 as strong supports and 5180 levels as strong resistance levels for Nifty and same happened. Market opened positive as predicted by EquityPandit and moved in small range with volatility for the whole day. Finally market closed positive for the day.
Today: Indian Stock Market likely to open positive with 15-30 points for Nifty and 60-100 points for Sensex. Indian Stock market now heading to F&O Expiry day and huge volatility is expected in small range. Market in consolidation stage and would see only sideways movements without emerging any trend. Nifty possess immediate supports at 5095 levels for Nifty and if those levels get breached then, Nifty can test levels of 5060-5000 soon. Resistance to move up would be seen at 5180-5200-5225 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: (16968) The support for the Sensex is 16780-16600-16504 and the resistance to the up move is at 17050-17135-17256.
NSE Nifty: (5142) The support for the Nifty is at 5095-5060-5000 and the resistance to the up move is at 5180-5200-5225.
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