Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 30-50 points for Nifty and 100-150 points for Sensex and would see strong resistance at 5340 levels for Nifty and 17504 levels for Sensex and exactly same happened. Market opened positive exactly at EquityPandit’s predicted levels of 50 points for Nifty and 150 levels for Sensex. Nifty saw strong resistance exactly on EquityPandit’s predicted resistance levels of 5340 for Nifty like a dot. Finally market saw profit booking and managed to close flat with positive bias.

Today: Indian Stock Market likely to open flat. EquityPandit’s target of 5335 achieved yesterday. Market now in consolidated region and would see sideways movements. Profit booking can be seen at this point of time but 5250-5230 would act as strong support for Nifty, whereas resistance may be seen at 5340-5380 for Nifty. Traders can short until 5305 holds for Nifty on the positive side. Investors should consider every downtrend as an opportunity to invest. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. Traders can take help of EP-Basic Package and EP-F&O Special Package to earn consistent daily profits in any market direction.

BSE Sensex: (17392) The support for the Sensex is 17200 and the resistance to the up move is at 17520-17600-17731.

NSE Nifty: (5300) The support for the Nifty is at 5250-5230 and the resistance to the up move is at 5340-5380.

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