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Last Trading Session: Exactly as predicted by EquityPandit that market would open negative and now market is just an short opportunity but some rally would be seen which would just be a short covering rally and exactly same happened. Market opened negative as per EquityPandit’s predictions. Market saw sharp downtrend as per EquityPandit’s predictions. Finally, market saw some short covering as predicted by EquityPandit and managed to close marginally negative for the day.

Today: Indian Stock Market to open gap positive. Technically, now Banknifty and entire Banking sector would see a strong relief rally, which would force market to move up. Nifty possesses immediate support at 5360-5340-5300 levels for Nifty whereas strong resistance may be seen at 5465-5500-5600 levels for Nifty. Traders are suggested to trade long until Nifty holds levels of 5300, below which Nifty would again be a short selling opportunity. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18246) The support for the Sensex is at 18140-18000-17850 and the resistance to the up move is at 18485-18580-18720 levels.

NSE Nifty: (5401) The support for the Nifty is at 5360-5340-5300 and the resistance to the up move is at 5465-5500-5600 levels.

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Note: Stocks to trade for F&O and cash intraday and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.