Last Trading Session: Exactly As predicted by EquityPandit that market would open positive with 25-50 points for Nifty and 80-160 points for Sensex and that 5230 would act as support and traders should trade long until 5230 holds for Nifty and exactly same happened. Market opened positive with EquityPandit’s predicted levels of 37 points for Nifty and 130 points for Sensex. Finally Market closed in positive region.

Today: Indian Stock Market likely to open flat. Yesterday, Indian Stock Market looked lethargic at higher levels and was not able to see buying volumes to breach 5255 levels for Nifty. Market now rangebound between 5230-5218 and 5270-5285 levels for Nifty and would also act as immediate support and resistance levels for Nifty. Breaching any of these levels would confirm market direction. Traders can buy near 5230-5218 levels and sell near 5270-5285 levels for Nifty with small stoplosses. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key results to be declared today: RIL, Asian Paints, Crompton Greaves, Hindustan Zinc, JSW Energy, Karnataka Bank, Praj Industries, Ultratech Cement, United Phosphorus and Zee Entertainment.

BSE Sensex: (17279) The support for the Sensex is 17200-17100 and the resistance to the up move is at 17380-17540.

NSE Nifty: (5243) The support for the Nifty is at 5218-5195-5170 and the resistance to the up move is at 5270-5285.

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