Last Trading Session: As EquityPandit predicted that market is overall positive but to become stable it has to breach a resistance of 5655 for Nifty. Market remained positive throughout the day and troubled all traders as it has shown huge volatility in small region, touching stop losses with sharp moves.

Today: Market likely to open with positive bias. Overall market looks positive but traders are suggested to wait and watch atleast for a day or two. Market is directionless with huge volatility in small band, which forces to touch stoplosses. Traders can’t earn money in this type of market. So EquityPandit suggest to watch market atleast for a day to become stable. Next target for market is 5655. Market needs to breach 5655 for Nifty to become stable and see upward direction. It would be better to trade in small quantity until 5655 breaches. 5450 would be strong support to deal with. 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: (18440) The support for the Sensex is 18300 and the resistance to the up move is at 18600-18800-18875.

NSE Nifty: (5521) The support for the Nifty is at 5450 and the resistance to the up move is at 5570-5655.

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