Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive and may see some positive movement due to new year but overall market is weak and may slide down in days to come and exactly same happened. Market opened flat with positive bias and slide down due to weakness to EquityPandit’s predicted support levels of 15370 for Sensex like a dot and near to 4560 for Nifty. Finally market closed flat with positive bias.

Today: Market likely to open positive with 40-60 points for Nifty and 110-140 points for Sensex. Technically market is still weak and may see downtrend in days to come but at lower levels buying would be seen which can take Nifty near to 4720 levels, This upmove would definitely be temporary as there is room for 5-10% further downtrend in upcoming months. Overall market is negative at this point of time. Nifty possess strong support at 4560-4520 levels and strong resistance at 4700-4750. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (15517) The support for the Sensex is 15370-15135 and the resistance to the up move is at 15730-15835.

NSE Nifty: (4637) The support for the Nifty is at 4560-4520 and the resistance to the up move is at 4700-4750.

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