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Last Trading Session: Exactly as predicted by EquityPandit that market would open negative with gap down and would see support at 5405-5390 and exactly same happened. Market exactly opened at EquityPandit predicted support levels of 5390 and closed again exactly on EquityPandit’s predicted support level of 5405 like a dot.

Today: Indian stock market likely to open flat with positive bias but it is still weak. Technically, It is an opportunity to invest, investors should start investing some part of their money now and the next downtrend would be a huge opportunity to invest where investors can be totally invested in fundamentally strong companies for good profits in short term. As EquityPandit don’t see much downside from here but opportunity towards positive side is huge. Now traders should beware of shorting, strictly follow support and resistance levels.

BSE Sensex: (17941) The support for the Sensex is 17805-17650 and the resistance to the up move is at 18140.

NSE Nifty: (5405) The support for the Nifty is at 5355-5310 and the resistance to the up move is at 5460-5490.