Last Trading Session:  Market saw huge strength post Diwali and open positive gap up as predicted by EquityPandit. Market remained gap up throughout the day breaching all the resistance levels and finally closed positive with 229 points for Nifty and 516 points for Sensex.

Today: Market likely to open flat. EquityPandit predicted earlier that if 5230 levels for Nifty is breached than 5400 can be next target and same happened. Now next logical target can be 5448-5485 for Nifty. Profit booking cannot be ruled out at these levels. 5320 can be considered as immediate support level for Nifty and traders can trade long until 5320 holds. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17804) The support for the Sensex is 17647-17530-17442 and the resistance to the up move is at 18012-18127-18298.

NSE Nifty: (5361) The support for the Nifty is at 5320-5300 and the resistance to the up move is at 5448-5485.

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