Last Trading Session: Exactly as predicted by EquityPandit that market would open flat to positive and would see strong support at 5965 levels for Nifty and a rangebound movement would be seen and exactly same happened. Market opened with flat to positive exactly as per EquityPandit’s predictions. Market moved down but saw strong support at 5965 levels for Nifty like a dot. Finally market managed to close in positive region. Sensex also saw strong resistance exactly near EquityPandit’s predicted resistance levels of 19850 levels.

Today: Indian Stock Market likely to open positive. 5965-5940-5900 levels would still act as strong support for Nifty whereas 6030-6070-6110 would act as strong resistance for Nifty. Nifty would move in rangebound region and once breached on either side, would suggest the direction to the trend. Traders are suggested to remain cautious and should trade long until Nifty holds 5965 levels, below which Nifty can see further profit booking. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (19722) The support for the Sensex is at 19504-19380 and the resistance to the up move is at 19770-19850-20000 levels.

NSE Nifty: (5995) The support for the Nifty is at 5965-5940-5900 and the resistance to the up move is at 6030-6070-6110 levels.

Note: If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com

Premium Subscription Pricing details can be seen at Pricing

Note: Stocks to trade for F&O and cash intraday and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.