Last Trading Session: As EquityPandit predicted that every upmove would see profit booking and the same happened. Market ended flat.
Today: Technically, market trend looks positive until 5960 holds for Nifty.6090 would be strong resistance to deal with and would surely be our next target. Short covering would take place at different levels. Market would remain in consolidated region for some time. As EP told overall market would be positive. Investors don’t have to worry at all and keep on investing at every downtrend as suggested earlier also near 5750 levels of Nifty. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.
This is the good time to invest in fundamentally strong companies as anytime we can expect sharp upmove. So keep on investing small-small amount in fundamentally strong companies which are available at discounts. Else, subscribe to EP-Investor Package to know about fundamentally strong shares available at damn cheap rates and which would give huge profits in small time duration.
BSE Sensex: (19981) The support for the Sensex is 19900 and the resistance to the up move is at 20035-20300.
NSE Nifty: (5992) The support for the Nifty is at 5960 and the resistance to the up move is at 6020-6095.
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EP-Investor is flagship product of EquityPandit.
Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.
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