Last Trading Session: Exactly as predicted by EquityPandit that market would open positive but would remain in consolidated region of 5538-5652 and same happened. Market opened positive but saw resistance near EquityPandit’s predicted resistance levels of 5652 for Nifty and went down sharply near our support levels.

Today: Market likely to open flat with negative bias. Technically, Market is in consolidated region of 5538-5642 for Nifty. Market may remain in this region for some time. If market breaches 5538-5530, which are strong support levels, then market can see levels of 5470 and on the positive side, market can see sharp positive trends on after breaching 5642-5670 levels for Nifty, Until then market would be considered in sell mode.

BSE Sensex: (18502) The support for the Sensex is 18435-18230 and the resistance to the up move is at 18815.

NSE Nifty: (5567) The support for the Nifty is at 5538-5470 and the resistance to the up move is at 5642-5670-5700.

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