Last Trading Session: As EquityPandit predicted that market is in consolidated region and would see trading in narrow range and same happened today, market opened negative but closed in positive region giving strength to market.

Today: Technically, still Market is in consolidated region and this happens before breakout. Market opened in negative and closed with positive indices giving strength to the market. This is a good sign and overall market would move up in near term. Market is supposed to see sharp movement in either direction. Small Profit booking can be seen at this stage, so just be cautious. But Investors don’t have to worry at all and keep on investing at every downtrend as suggested earlier also near 5750 levels of Nifty. Investors who have already invested should keep patience as the upmove is sure to happen. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.  

BSE Sensex: (20074) The support for the Sensex is 19900 and the resistance to the up move is at 20220.

NSE Nifty: (6012) The support for the Nifty is at 5940-5900 and the resistance to the up move is at 6090-6124.

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