Last Trading Session: Exactly as predicted by EquityPandit, that market will open negative and further direction would be seen only after the market come out of the range of 5500-5600 levels for Nifty else market can see down trend and same happened. Market breached 5500 for Nifty on lower side and closed negative.

Today: Market likely to open negative. Since there is not strength seen in the market and it sees profit booking at higher levels, market may see further down trend. Now, 5500 would be strong resistance for Nifty. And if upmove would not be seen in next few days then we can see levels of 5350 for Nifty.

BSE Sensex: (18132) The support for the Sensex is 18000-17850 and the resistance to the up move is at 18267-18375.

NSE Nifty: (5448) The support for the Nifty is at 5350 and the resistance to the up move is at 5500-5562-5600.

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