Last Trading Session: Exactly as EquityPandit predicted that market would see strong resistance at 17925 for sensex and same happened. Market went down sharply on Monday after positive rally but saw strong resistance at EP predicted support level of 17925 from where it rebound back. Finally market closed flat.
Today: Market likely to open flat. Technically, Market looks week and can see some more downside but as predicted earlier, 17925 would be a strong support level for sensex and market as to breach it to go further downside. Traders are advised to trade in small quantity. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.
BSE Sensex: (18037) The support for the Sensex is 17925-17620 and the resistance to the up move is at 18500.
NSE Nifty: (5396) The support for the Nifty is at 5350-5330-5260 and the resistance to the up move is at 5556.
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