Last Trading Session: Exactly as predicted by EquityPandit, that market would open positive but it is still and can again see level of 4800 getting touched and exactly same happened.  Market opened positive and has seen sharp profit booking due to F&O Expiry but has seen strong support near EquityPandit’s predicted support levels of 4800 for Nifty.

Today: Market likely to open flat. Technically market is weak and possesses strong resistance near 4900-4950 for Nifty. Market can see levels of 4800-4775 getting touched, and in worst condition getting breached in days to come. From support levels, market will again rebound and see short covering (Positive trends). Traders are suggested to take care of 4800-4775 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16146) The support for the Sensex is 15985 and the resistance to the up move is at 16450-16620-16815.

NSE Nifty: (4840) The support for the Nifty is at 4800-4775 and the resistance to the up move is at 4900-4950.