Last Trading Session: As predicted by EquityPandit that market would open flat and would see some profit booking but levels of 5300 would act as strong support for Nifty and exactly same happened. Market opened flat for Nifty and then saw some profit booking. Market saw strong support exactly at EquityPandit’s predicted support levels of 5300 for Nifty like a dot. Finally market closed just above EquityPandit’s predicted support levels.
Today: Market likely to open gap negative with 20-40 points for Nifty and 80-140 points for Senesx. Market is looking sluggish at 5350 levels for Nifty and breaching those levels looks hard for Nifty. Market may move sharply positive once the level of 5350 is breached for Nifty. Nifty possess strong support at 5260-5245 whereas 5375-5440 would act as resistance for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.
BSE Sensex: (17489) The support for the Sensex is 17400-17200 and the resistance to the up move is at 17630-17740-17850.
NSE Nifty: (5306) The support for the Nifty is at 5260-5245 and the resistance to the up move is at 5375-5440.
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