Last Trading Session: Exactly As predicted by EquityPandit, overall market would be positive and our strong resistance would be 5800 and same happened. Market opened positive as predicted and remained positive throughout the day but retreated from EP predicted resistance levels of 5800. Market managed to close just near our resistance levels.
Today: Market likely to open flat. Now market is in F&O Expiry day. Overall Market is still positive but we would see huge volatility and some profit booking at higher levels but as we said earlier, it would be smaller one. 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: (19290) The support for the Sensex is 19107 and the resistance to the up move is at 19400-19500.
NSE Nifty: (5788) The support for the Nifty is at 5725 and the resistance to the up move is at 5830-5850.