Last Trading Session: As predicted by EquityPandit that market would open flat and would see sideways movements with 5200-5175 as strong support and same happened. Market opened flat last trading session and then fell near Equitypandit’s predicted support levels of 5200 for Nifty. Finally market closed just near EquityPandit’s predicted support levels. Sensex also saw supports at EquityPandit’s predicted support levels of 17100 like a dot and closed just above those levels.
Today: Market likely to open positive with 15-35 points for Nifty and 40-100 points for Sensex. Technically, now Indian Stock Market looks bearish. Some profit booking would definitely come into play but market would now move towards 5175-5150 levels for Nifty which would also act as support levels whereas resistance may be seen at 5230-5275 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.
BSE Sensex: (17103) The support for the Sensex is 17040-16950 and the resistance to the up move is at 17204-17380-17540.
NSE Nifty: (5197) The support for the Nifty is at 5200-5175-5150 and the resistance to the up move is at 5230-5275.
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