Profit Note: EP-F&O Special package gave profits of Rs.27,500 on one lot traded to all its subscribers on Friday’s trading session.

Last Trading Session: Exactly as predicted that market would open flat with positive bias and if not able to breach 5200 levels for Nifty then would see profit booking thereafter and exactly same happened. Market opened flat with positive bias and since it was not able to breach its resistance of 5200, hence it saw profit booking as per prediction of EquityPandit.

Today: Market likely to open flat with positive bias with 20-25 points for Nifty and 70-80 points for Sensex. Technically, Market should see some short covering (Positive trends) now. As per EquityPandit, 5000 is a strong psychological support for Nifty and market would find it hard to breach these levels by close, whatever may be global scenario. Market should consolidate for some time in the range of 5000-5250 for some time before moving ahead. This would give market a strong support at this level and sharp movement would be seen thereon. Market may see strong resistance to breach 5250-5340 levels for Nifty. Traders can trade long until 5000 mark for Nifty holds and take care of support and resistance given by EquityPandit as EquityPandit’s support and resistance levels are always met with high accuracy.

BSE Sensex: (16840) The support for the Sensex is 16660-16450 and the resistance to the up move is at 17225-17500.

NSE Nifty: (5073) The support for the Nifty is at 5000 and the resistance to the up move is at 5250-5340.