Last Trading Session: Indian Stock Market remained green throughout the day and was rangebound in a consolidated region as expected by EquityPandit. Market saw strong resistance near EquityPandit predicted levels of 5050 for Nifty and closed 10 points below the resistance levels at 5040.

Today: Market likely to open negative with gap down as US has seen higher unemployment rate and it was highest since September 2010, so traders should remain cautious. Technically, Indian Stock Market should still see some more positive movements in days to come but 5200-5250 would act as strong resistance levels for Nifty. 5000 levels would be immediate supports below which 4920-4900 would be strong support for Nifty. As mentioned earlier, market would remain in consolidated region of 4900-5200 for next few days. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16821) The support for the Sensex is 16700-16421 and the resistance to the up move is at 17000-17241.

NSE Nifty: (5040) The support for the Nifty is at 5000-4920-4900 and the resistance to the up move is at 5200-5250.

Note: Stocks to trade for F&O and cash intraday and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.