Last Trading Session: Exactly as predicted by EquityPandit that market would open positive with 25-50 points for Nifty and 80-140 points for Sensex and will see strong resistance at 4905 levels for Nifty and exactly same happened. Market opened positive with EquityPandit’s predicted levels of 32 points for Nifty and 80 points for Sensex. Market went positive and saw strong resistance near EquityPandit’s predicted resistance levels of 4900-4905 for Nifty and saw profit booking from there. Finally market closed minutely positive with 15 points for Nifty and 32 points for Sensex.

Today: Indian Stock Market likely to open positive with 30-50 points for Nifty and 100-160 points for Sensex. Technically, analysis would remain same. Market may see further positive movements in days to come. Market would still remain rangebound and would see sideways movements for next few days. Only if, market closes below 4800 levels for Nifty, then probably fear of sharp downfall would be seen in market resulting in heavy profit booking. Nifty possess strong support at 4800-4765 whereas resistance to upmove may be seen at 4905-4930 levels for Nifty Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16020) The support for the Sensex is 15950-15740 and the resistance to the up move is at 16140-16200-16380.

NSE Nifty: (4863) The support for the Nifty is at 4800-4765 and the resistance to the up move is at 4905-4940.

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