Last Trading Session: As predicted by EquityPandit that market would open flat with positive bias and same happened. Market breached resistance of 5335 for Nifty and 17600 for Sensex. Finally market managed to close positive for the day.
Today: Market likely to open flat. Small profit booking can’t be ruled out at this point but technically, market has confirmed short term bull trend and can touch the levels of 5375 in upcoming days only if 5300 holds. Nifty possess strong support at 5300 whereas 5375-5440 would act as resistance for Nifty. Traders should trade long until 5300 for Nifty but should be cautious as this would be short term bull trend. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.
BSE Sensex: (17618) The support for the Sensex is 17400 and the resistance to the up move is at 17740-17850.
NSE Nifty: (5345) The support for the Nifty is at 5300 and the resistance to the up move is at 5375-5440.
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