Last Trading Session: Exactly as predicted by EquityPandit that market would open negative with 30+ points for Nifty and would definitely move further positive upto the levels of 5125, where 5125 would act as strong resistance for Nifty and exactly same happened. Market opened negative with about 30 points for Nifty and moved positive as per Equitypandit’s prediction. Market saw strong resistance at EquityPandit’s predicted resistance levels of 5125 for Nifty like a dot and finally close just below those levels.

Today: Indian Stock Market likely to open flat. Market may see further positive movements in days to come and levels of 5185 may be seen soon for Nifty. Market would remain highly volatile due to European Union Elections ahead on 17 June, 2012. Nifty possess strong resistance at 5185-5200 levels for Nifty whereas supports may be seen at 5060-5020 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16862) The support for the Sensex is 16600-16504 and the resistance to the up move is at 16950-17050.

NSE Nifty: (5116) The support for the Nifty is at 5060-5020 and the resistance to the up move is at 5125-5185-5200.

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