Last Trading Session: Market opened positive and remained in the region of EquityPandit’s predicted support and resistance levels. Since the positive opening of market was not backed with any positive news, market saw sharp downtrend again to the same levels. Overall the market ended flat (near its previous close).

Today: Analysis would remain same as yesterday. Market would open flat and would remain in consolidated region. Technically, 5100 would be immediate resistance for Nifty. Still Market looks weak and would see support at 4890-4860 for Nifty. Below these levels there is no support till 4700 for Nifty. Some short covering can be seen at lower region. But further direction of Indian Stock Market would be affected by FII & DII activity, US and Indian Data which would be disclosed in this week, Details can be seen at EquityPandit. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16467) The support for the Sensex is 16281-16144 and the resistance to the up move is at 16865-16920-17020.

NSE Nifty: (4941) The support for the Nifty is at 4890-4860 and the resistance to the up move is at 5100.

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