Last Trading Session: Exactly as predicted by EquityPandit, that market is weak but would see some short covering (positive trends), which would be short lived and same happened. Market opened flat with positive bias and saw some positive trends from there but was short lived as predicted. Finally market broke again as it was weak but was able to stay above our support levels of 4720-4680 else it would have broke like anything.

Today: Market likely to open positive with atleast 60-80 points for Nifty and 200-250 points for Sensex. Technically, Indian stock market is in reaction mode. It is still weak but then also it may see positive trends from here. 4720-4680 would act as strong support levels and 4907-4950 would act as strong resistance levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (15792) The support for the Sensex is 15660-15500 and the resistance to the up move is at 16165-16358.

NSE Nifty: (4751) The support for the Nifty is at 4720-4680 and the resistance to the up move is at 4907-4950.

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