Profit Note: EP-F&O Special package gave profits of Rs.33,400/- on one lot traded per call  to all its subscribers on last trading session, even though Indian Stock Market was worse.

Last Trading Session: Exactly as predicted by EquityPandit, that market would open gap down opening with 60+ points for Nifty and would see strong support at 4940 levels for Nifty and exactly same happened. Market opened exactly 60 points down for Nifty like a dot (Exact as per EquityPandit’s Calculation) and managed to close exactly above EquityPandit’s predicted support level of 4940 for Nifty.

Today: Market likely to open flat. Technically, 5100 has emerged as strong resistance for Nifty. Still Market looks weak and would see support at 4890-4860 for Nifty. Some short covering can be seen at these levels. But further direction of Indian Stock Market would be affected by FII & DII activity, US and Indian Data which would be disclosed in this week, Details can be seen at EquityPandit. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16501) The support for the Sensex is 16281-16144 and the resistance to the up move is at 16865-16920-17020.

NSE Nifty: (4947) The support for the Nifty is at 4890-4860 and the resistance to the up move is at 5100.

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