Last Trading Session: Exactly as EquityPandit predicted that market would open positive with gap up opening but it will see selling pressure at higher levels and the same happened. Market opened with positive gap but not able to sustain at higher levels and saw selling pressure. But, finally market managed to close with minimal positive trends.

Today: Market likely to see negative gap down opening. Overall market looks positive. Next target for market is 5655. Market needs to breach 5655 for Nifty to become stable and see upward direction. It would be better to trade in small quantity until 5655 breaches. 5450 would be strong resistance to deal with. 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: (18486) The support for the Sensex is 18300 and the resistance to the up move is at 18800-18875.

NSE Nifty: (5539) The support for the Nifty is at 5450 and the resistance to the up move is at 5655.

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