Last Trading Session: As predicted by EquityPandit that Market would open negative and then rebound back and same happened. Negative opening was seen in pre-market opening but was soon covered. Market remained flat throughout the day as for the whole trading day, Nifty just moved in the 30 points region (5100-5130).

Today: Indian Stock market to open flat with positive bias. Analysis would remain same as yesterday. Nifty possess immediate supports at 5095 levels for Nifty and if those levels get breached then, Nifty can test levels of 5060-5000 soon. Nifty possess strong supports near 5060-5000 levels whereas resistance to move up would be seen at 5180-5200 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: (16906) The support for the Sensex is 16780-16600-16504 and the resistance to the up move is at 16950-17050-17135.

NSE Nifty: (5121) The support for the Nifty is at 5095-5060-5000 and the resistance to the up move is at 5180-5200.

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