Last Trading Session: Exactly as predicted by EquityPandit, that Market would open flat with negative bias but would see some further correction and same happened. Market opened negative and has seen short covering and hence ended in green.
Today: Market likely to open flat. Now market is in sideways zone and can see some profit booking at higher level, Nifty may see some resistance at 5507-5570 levels and support at 5400-5375 levels. 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: (18206) The support for the Sensex is 18000 and the resistance to the up move is at 18320-18500.
NSE Nifty: (5480) The support for the Nifty is at 5400-5375-5320 and the resistance to the up move is at 5507-5570.