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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 30-60 points for Nifty and 120-160 points for Sensex and would see strong support at 5170 for Nifty whereas resistance would be seen at 5250-5300 levels for Nifty and 17380 levels for Sensex and exactly same happened. Market opened positive exactly at EquityPandit’s predicted levels of 60 points for Nifty and 160 points for Sensex. Market fell down from there and saw strong support near EquityPandit’s predicted support levels of 5170 for Nifty. Market sharply recovered from those regions as a positive reaction was expected by EquityPandit and went exactly near to EquityPandit’s predicted resistance levels of 17380 for Sensex and 5300 for Nifty. Finally market closed in positive region with a gap.
Today: Market likely to open negative with 20-40 points for Nifty and 60-120 points for Sensex. Market now near F&O Expiry and huge volatility would be seen. Market can further see some positive direction in days to come. Nifty possess strong support at 5210-5170-5080 levels whereas resistance would be seen at 5300-5350-5375 levels for Nifty. Traders are suggested to trade in very low quantity till F&O Expiry. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. Traders can take help of EP-Basic Package and EP-F&O Special Package to earn consistent daily profits in any market direction.
BSE Sensex: (17257) The support for the Sensex is 17050-16950-16800 and the resistance to the up move is at 17380-17504-17630.
NSE Nifty: (5243) The support for the Nifty is at 5210-5170-5080 and the resistance to the up move is at 5300-5350-5370.
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