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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive bias and the next downside would be opportunity for investors to invest for midterm and same happened. Market opened flat with positive bias, then by the end of the day went down near our support levels due to psychological selling pressure and debt issues. Finally market closed in red.
Today: Market likely to see big fall while opening. Nifty likely to open atleast 100+ points down and Sensex atleast 300+ points down. Market is still weak. But now it gives a gut feeling to invest in fundamentally strong companies which are available at discounted valuations. Investors should start to invest at these levels.
BSE Sensex: (17693) The support for the Sensex is 17250-17640 and the resistance to the up move is at 18000-18145.
NSE Nifty: (5332) The support for the Nifty is at 5200-5310 and the resistance to the up move is at 5400-5435-5460.