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Last Trading Session: Exactly As predicted by EquityPandit, that market will see some consolidation at higher levels as 5600 is a strong resistance as of now and same happened. Market opened gap up but finally closed flat.

Today: Market likely to open negative. Market is in consolidated region and as we said earlier, it would move up and down cyclically before moving up sharply, and same is happening on every trading session. Market can only move up sharply if it breaks its resistance of 5600 with force. But overall market looks positive and there are chances to see sharp up moves if it doesn’t see selling pressures at higher levels. Investors should remain invested.

BSE Sensex: (18376) The support for the Sensex is 18150-18330 and the resistance to the up move is at 18550-18750.

NSE Nifty: (5516) The support for the Nifty is at 5465-5500 and the resistance to the up move is at 5600-5635.

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