Last Trading Session: Exactly as predicted by EquityPandit that market would open negative with 10-25 points for Nifty and 30-70 points for Sensex and would see strong resistance near 5180 levels for Nifty and 17050 levels for Sensex whereas support would be seen at 5100 levels for Nifty and exactly same happened. Market opened negative exactly with EquityPandit’s predicted levels of 10 for Nifty and 40 points for Sensex. Market remained flat for half trading session where Nifty has seen strong supports near EquityPandit’s predicted support levels of 5100 for Nifty from where it moved sharply positive. Market saw strong resistance at EquityPandit’s predicted levels of 5180 for Nifty and 17050 for Sensex like a dot. Finally market closed just below EquityPandit’s predicted resistance levels.

Today: Indian Stock Market likely to open negative with 25-50 points for Nifty and 100-160 points for Senesx. Technically, Indian Stock market is in positive momentum and can see further positive movements in days to come. As of now some profit booking is expected due to worsen global market data. But Nifty would possess strong support at 5100 levels and resistance to move up would be seen at 5225-5250 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: (17033) The support for the Sensex is 16850-16780 and the resistance to the up move is at 17112-17260.

NSE Nifty: (5165) The support for the Nifty is at 5100 and the resistance to the up move is at 5225-5250.

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