Last Trading Session: As predicted by EquityPandit, that market will open flat with positive bias and further direction would be seen only after the market come out of the range of 5500-5600 levels for Nifty and same happened. Market breached 5500 for Nifty and ended just near 5500.

Today: Market likely to open flat. Analysis would remain same as Nifty posses strong resistance at 5600 levels. Only once market breaches 5600 on the positive side than only we can expect market to see good upmove. Until then market would again see cyclic movement as it has again entered into consolidated region of 5500-5600 for Nifty.

BSE Sensex: (18309) The support for the Sensex is 18260-18100 and the resistance to the up move is at 18375-18550.

NSE Nifty: (5501) The support for the Nifty is at 5480-5350 and the resistance to the up move is at 5562-5600.

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