Last Trading Session: Exactly as predicted by EquityPandit, that market would open flat but would see some more upmove in the range of 5120-5200 for Nifty and would have strong support near 5085 and resistance near 5200 and same happened. Market opened flat with mere 3 points down for Nifty but as predicted by EquityPandit, saw upmove and managed to close between 5120-5200 levels for Nifty. Nifty and Sensex saw support and resistance near EquityPandit’s predicted levels.

Today: Market likely to open flat.Technically, Technically market as emerged with new support levels of 5100 for Nifty and 16985 for Sensex. Market would now be moving ahead to breach the levels of 5200 for Nifty, where it can see psychological profit booking. 5200-5250 would be strong resistance for Nifty. Traders can still trade long until 5100 holds for Nifty. But should remain cautious in 5200-5250 region. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17165) The support for the Sensex is 16985 and the resistance to the up move is at 17256-17358-17485.

NSE Nifty: (5153) The support for the Nifty is at 5100 and the resistance to the up move is at 5200-5250.

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