Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would see strong support at 4800 whereas resistance would be seen at 4920-4950 for Nifty as sharp positive reaction can be seen anytime now and exactly same happened. Market opened flat with 10 points for Nifty as predicted by EquityPandit. Market moved up sharply from there as a positive reaction was expected by EquityPandit. Nifty closed exactly on EquityPandit’s predicted resistance levels of 4920 for Nifty like a dot.

Today: Indian Stock Market likely to open flat with negative bias. Market has taken positive breath now as it moved up from 4800 levels for Nifty which was a strong support. Market can see some small profit booking and once it breaches levels of 4955 for Nifty with force, it would be bullish and levels of 5000 would be breached soon. Nifty possesses strong support at 4860-4830 levels whereas resistance would be seen at 4955-4980-5005 levels for Nifty. Traders should just be a viewer of the show for sometime and should avoid any big trading, until a level of 4955 is breached. Investors can consider every downtrend as a good opportunity to invest. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key Results Today: BPCL, Crompton Greaves, Great Offshore, Gujarat Fluorochemicals, Gujarat Minerals, ITC, Jyoti Structures, NHPC, Reliance Infra, Sun TV Network and Suzlon Energy.

BSE Sensex: (16222) The support for the Sensex is 16100-16000 and the resistance to the up move is at 16380-16450.

NSE Nifty: (4921) The support for the Nifty is at 1860-1835 and the resistance to the up move is at 4955-4980-5000.

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