Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and market is strong but profit booking would be seen at it is overstretched and exactly same happened. Market opened flat with 1 point positive for Nifty as per EquityPandit’s prediction and saw strength but profit booking was seen at higher levels as expected by EquityPandit but finally market managed to end flat with negative bias.

Today: Market likely to see gap positive opening with 30-50 points for Nifty and 110-150 points for Sensex. Technically market is strong but would see sideways movement with positive bias. Before moving further up market can see profit booking as it is overstretched. Market can be expected to move up until 4930 holds for Nifty. 4900 would act as support for Nifty. If market breaches 4930 for Nifty at lower end profit booking could be started. On the positive side 5000 would act as resistance, which if breached can see levels of 5065 for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16451) The support for the Sensex is 16230-16148-16037 and the resistance to the up move is at 16600-16774-16890.

NSE Nifty: (4956) The support for the Nifty is at 4930-4900 and the resistance to the up move is at 5000-5065.

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