Last Trading Session:  Exactly as predicted by EquityPandit that market would open flat with negative bias and would be overall negative with strong resistance at 4850 for Nifty and strong support at 4735 for Nifty and exactly same happened. Market opened flat with negative bias and after staying in volatile mode for the whole day between our support and resistance levels, It fell sharply and just closed above our support levels.

Today: Market likely to open negative with atleast 60-80 points down for Nifty and 170-210 points down for Sensex. Technically Market has again entered into much weaker zone from where it can fall down further and may even breach 2 years Nifty low of 4639 for Nifty in upcoming days.  Few of the upcoming events, that would affect Indian stock market, would be disclosed this week, details of which can be seen here. Result of this event would decide market direction and worse results may drag market to breach. Downside is open for Nifty but may see supports near 4735-4700-4640 for Nifty and would see strong resistance near 4820-4850-4870 levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. EP-Basic Package of EquityPandit with high accuracy and consistent daily profits to all its subscribers can generate good profits for traders in this type of Market. This package provides consistent daily profits in all market conditions whether market moves up or falls sharply.

BSE Sensex: (15881) The support for the Sensex is 15770-15645-15470 and the resistance to the up move is at 16086-16135-16212.

NSE Nifty: (4763) The support for the Nifty is at 4735-4700-4640 and the resistance to the up move is at 4820-4850-4870.

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