Last Trading Session: As predicted by EquityPandit, that Market would open flat and some profit booking can be seen at higher levels, but market has seen strength and was able to breach the resistance levels of 5507 for Nifty.

Today: Market likely to see gap up opening. Now since market has breached strong resistance of 5507 for Nifty, traders can go long keeping strict stoploss of 5500. Definitely Nifty would see profit booking at higher levels, Nifty may see some resistance at 5570 levels but it has emerged with a new support at 5500 levels. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.

BSE Sensex: (18351) The support for the Sensex is 18250 and the resistance to the up move is at 18580.

NSE Nifty: (5522) The support for the Nifty is at 5500 and the resistance to the up move is at 5570-5620.