Last Trading Session: Exactly as EquityPandit predicted that market would see some more downside with next target of 5260 for Nifty and same happened. Market went down sharply on Wednesday after some positive rally and finally breached our target of 5260 for Nifty which forced market to fall down sharply. Finally market closed negative.

Today: Market likely to open flat with negative trends. Technically, Market still looks weak and next target can be 5135 for Nifty. But since market has been oversold, a sharp positive rally can be expected. Traders are advised to trade in small quantity. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.  

BSE Sensex: (17593) The support for the Sensex is 17465-17180 and the resistance to the up move is at 18000.

NSE Nifty: (5254) The support for the Nifty is at 5135 and the resistance to the up move is at 5400.

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