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Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and some short covering would definitely be seen in market where market would see strong resistance at 5430 for Nifty and 18460 levels for Sensex and exactly same happened. Market opened positive exactly as per Equitypandit’s predictions. Market saw short covering on F&O Expiry day as predicted by EquityPandit and made high exactly at EquityPandit’s predicted resistance levels of 5430 for Nifty and 18460 for Sensex like a dot. Finally, market closed positive for the day.

Today: Indian Stock Market to open flat. Now, technically market would see some further short covering but today direction would depend on GDP numbers, which is going to be disclosed today. Dollar prices eased yesterday, which would act as positive news for Nifty. Nifty would see strong resistance at 5478-5505-5530 levels for Nifty whereas 5300-5250-5200 would act as support 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: (18401) The support for the Sensex is at 18070-17920-17750 and the resistance to the up move is at 18460-18546-18730 levels.

NSE Nifty: (5409) The support for the Nifty is at 5300-5250-5200 and the resistance to the up move is at 5478-5505-5530 levels.

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