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Last Trading Session: Exactly as predicted by EquityPandit that market would open gap positive with 50 points positive for Nifty and 150 points for Sensex and that Nifty is expected to touch levels of 5680-5700 which would also act as resistance for Nifty and exactly same happened. Market opened gap positive exactly with EquityPandit’s predicted levels of 50 points for Nifty and 150 points for Sensex like a dot. Market finally touched EquityPandit’s predicted target of 5700 for Nifty and Manage to close just below EquityPandit’s predicted resistance levels of 5700 for Nifty.

Today: Indian Stock market can open negative with 10-30 points for Nifty and 30-50 points for Sensex. Nifty would be considered positive until it holds levels of 5640-5630. Nifty possess strong support at 5635-5600 levels whereas resistance would be seen at 5730 for Nifty. Once Nifty breaches levels of 5730, then we can see Nifty touching 5775-5800 levels very fast. Until then Nifty would be rangebound between 5600-5730. Traders should buy at 5600 and add new positions to it only once Nifty crosses 5730 for sure returns. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18755) The support for the Sensex is at 18550-18504-18430 and the resistance to the up move is at 18800-18880-19050.

NSE Nifty: (5698) The support for the Nifty is at 5635-5600 and the resistance to the up move is at 5730.

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