Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 40-60 points for Nifty and 110-140 points for Sensex and exactly same happened. Market opened positive exactly with Equitypandit’s predicted levels of 45 points for Nifty and 123 points for Sensex. Market moved up further on the positive economic report from around the globe and as per EquityPandit’s prediction, market moved up sharply and breached levels of 4720 for Nifty. Finally market closed in gap positive region
Today: Market likely to open positive. Market had given positive signal amid weakness. Now market can climb to 4820 levels for Nifty, which would give sharp buy signal, if happens and may result market to see levels of 5000 for Nifty. Market may see profit booking at higher levels as there is lot of uncertainty lying around the globe. Nifty posses immediate support at 4700 and strong support at 4640 whereas resistance to move up may be seen at the levels of 4820-4865 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: (15939) The support for the Sensex is 15730-15640-15478 and the resistance to the up move is at 16186-16430.
NSE Nifty: (4765) The support for the Nifty is at 4700-4640 and the resistance to the up move is at 4820-4865.
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