Last Trading Session: As predicted by EquityPandit that market would open flat with negative bias and would see strong support at 5300-5260 levels for Nifty whereas resistance to upmove would be seen at 5375 and same happened. Market opened flat with negative bias as predicted by EquityPandit. Market remained flat with movement in a rangebound region, for the whole day. Finally market closed flat with around 10 points negative for Nifty. Sensex also closed just above EquityPandit’s predicted support levels of 17380 levels.
Today: Market likely to open negative with 15-35 points for Nifty and 60-120 points for Sensex. Technically, market is in rangebound region but can still see positive movements until 5275 holds for Nifty. Nifty possess strong support at 5275-5260 whereas resistance to upmove may be seen at 5350-5375 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.
BSE Sensex: (17387) The support for the Sensex is 17200-17100 and the resistance to the up move is at 17540-17600-17740.
NSE Nifty: (5317) The support for the Nifty is at 5275-5260 and the resistance to the up move is at 5350-5375.
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