Last Trading Session: Exactly as predicted by EquityPandit, that market would open positive and would see short covering and same happened. Market opened gap up and saw sharp short covering.

Today: Market likely to open negative. 5570 would be strong resistance level for Nifty. Market is now heading towards F&O Expiry week,  so huge volatility is expected. For investors, overall market is positive, so invest in fundamentally strong shares available at discounts for good profits, traders should remain cautious as of now and strictly follow support and resistance levels.

BSE Sensex: (18241) The support for the Sensex is 17700 and the resistance to the up move is at 18560.

NSE Nifty: (5471) The support for the Nifty is at 5350 and the resistance to the up move is at 5520-5570.

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