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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and now since market is overstretched, some short covering can’t be ruled out where strong resistance would be seen at 5565-5610 levels for Nifty and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market saw short-covering (Positive trends) as per EquityPandit’s predictions. Finally, Market closed exactly on EquityPandit’s predicted resistance levels of 5565 like a dot.

Today: Indian Stock Market to open positive. Technically, market is in short covering mode but trend can be told to be strong only once Nifty crosses 5635 levels, where strong buying would be seen above 5680 levels for Nifty. Support would be seen at 5520-5497-5477. But once market breaches levels of 5430, it will see a sharp fall. Again, we are entering into a short trading week. So traders are suggested to follow EquityPandit’s given levels for their trading decisions. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18789) The support for the Sensex is at 18620-18470 and the resistance to the up move is at 18880-18950-19075 levels.

NSE Nifty: (5519) The support for the Nifty is at 5520-5497-5477 and the resistance to the up move is at 5610-5635-5680 levels.

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Note: Stocks to trade for F&O and cash intraday and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.