Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would see profit booking as Nifty is overstretched where strong support would be seen at 6100 levels and resistance would be seen at 6188 levels for Nifty and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market saw highs exactly at EquityPandit’s predicted resistance levels of 6188 for Nifty from where strong profit booking was seen. Market saw lows exactly at EquityPandit’s predicted support levels of 6100 like a dot. Finally market closed negative for the day.

Today: Indian Stock Market likely to open positive. Nifty possess strong support at 6100-6080-6030 levels whereas resistance would be seen at 6158-6188-6200 levels for Nifty. Traders can trade long until Nifty holds 6100 breaching which Nifty can be shorted. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (20112) The support for the Sensex is at 20000-19850 and the resistance to the up move is at 20350-20500 levels.

NSE Nifty: (6114) The support for the Nifty is at 6100-6080-6030 and the resistance to the up move is at 6158-6188-6200 levels.

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