Last Trading Session: Exactly as predicted by EquityPandit that market would flat with positive bias and strong support would be seen at 5565 from where strong short covering would be seen but 5686 would act as strong resistance for Nifty and exactly same happened. Market opened flat with positive bias exactly as per EquityPandit’s predictions. Market saw lows exactly near EquityPandit’s predicted support levels of 5565. Market saw strong short covering from support levels as per EquityPandit’s predictions. Market saw high near EquityPandit’s predicted resistance levels of 5686. Finally, Market closed flat for the day.

Today: Indian Stock Market likely to open positive. Analysis would remain same. Overall market is weak but some short covering can be seen. Technically, market would see immediate supports at 5565-5535 levels whereas strong support would be seen only at 5485 levels for Nifty. Nifty would see strong resistance at 5686-5700 levels. Since, we are heading towards F&O Expiry, some short covering cannot be ruled out. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

BSE Sensex: (18629) The support for the Sensex is at 18460-18380-18200 and the resistance to the up move is at 18720-18880-18950 levels.

NSE Nifty: (5609) The support for the Nifty is at 5565-5535-5485 and the resistance to the up move is at 5685-5700 levels.