Last Trading Session: Exactly as predicted by EquityPandit, that market would open flat and even though market is weak, it would see short covering at these levels with strong support at 4800-4775 levels for Nifty and exactly same happened, Market opened flat with 10 points negative for Nifty, saw strong support near 4800 levels and moved up sharply seeing short covering as predicted by EquityPandit to 4899 levels for Nifty.

Today: Market will open flat with positive bias. Technically market is still weak and any global worry can blow the Indian Stock Market down but still market would see further short covering and positive trends. We can expect Nifty to cross 5000 levels for Nifty and touch 5050 levels in days to come. 4800 has emerged as a strong support level for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. Traders can take help of EP-Basic or EP-F&O Special Package of EquityPandit in this type of market as these packages provides consistent profits in any market direction. Investors are suggested to wait and watch before pumping more money. EP-Investor Package would not work to its best in falling markets.

BSE Sensex: (16342) The support for the Sensex is 16000-15985 and the resistance to the up move is at 16470-16620-16815.

NSE Nifty: (4899) The support for the Nifty is at 4800-4775 and the resistance to the up move is at 4950-5020-5050