Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would see further downtrend with strong support at 5885 levels for Nifty whereas resistance would be seen at 5920 and exactly same happened. Market opened flat as per EquityPandit’s predictions. Market fell down near EquityPandit’s predicted support levels of 5885 levels from where, it moved sharply positive. Market saw strong resistance near EquityPandit’s predicted resistance levels of 5920. Finally market closed flat but below 5900 levels for Nifty.

Today: Indian Stock Market likely to open flat with positive bias. Technically, analysis would remain same and market would see sideways movement in a rangebound region. For now, Market possesses strong support at 5885-5870-5845 for Nifty whereas resistance may be seen at 5920-5935-5950 for Nifty. Market would be considered negative until it breaches levels of 5950 for Nifty. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Results today: CESC, Lanco Infratech, Opto Circuits, Rolta, Jindal Steel, Oil India, IFCI, SAIL, Fortis, Provogue, Chennai Petro, Hind Copper, Power Grid, Hind Oil Exploration, .

BSE Sensex: (19485) The support for the Sensex is at 19400-19340-19200 and the resistance to the up move is at 19640-19710.

NSE Nifty: (5903) The support for the Nifty is at 5885-5870-5845 and the resistance to the up move is at 5920-5935-5950.

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