Last Trading Session: Exactly as predicted by EquityPandit that market would open gap negative and would see strong support near 4800 for Nifty and 15800 for Sensex and exactly same happened. Market opened gap negative and slide down further. Market saw strong support near EquityPandit’s predicted support levels of 4800 for Nifty. Finally market closed negative for the day.

Today: Market likely to open flat. Indian Stock Market still looks weak due to the fears of European Union and Greek issues. Sharp increase in petrol prices by Rs.7.5/litre would also affect Indian Stock Market. Another issue came up is falling Indian Rupee, which can again drag market down. Anyhow, Indian Stock Market is near strong support of 4800-4766 and hence can see sharp reaction anytime soon. Nifty possesses strong resistance at 4920-4950. Traders should just be a viewer of the show for sometime and should avoid any big trading. Investors can consider every downtrend as a good opportunity to invest. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

Key Results Today: Central Bank, Gujarat Alkalies, GSPL, Jai Corp, Jet Airways, Jyoti Ltd, Madras Cement, Max India, Novartis India, Pidilite Industries, Reliance Power, Orbit corporation, Thirumalai Chemicals, TVS motors and Voltas.

BSE Sensex: (15948) The support for the Sensex is 15800 and the resistance to the up move is at 16000-16200-16380.

NSE Nifty: (4836) The support for the Nifty is at 4800-4766 and the resistance to the up move is at 4920-4950.

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