Last Trading Session: Exactly as predicted by EquityPandit, that market is in reaction mode and would see positive gap up opening with strong resistance near 4907-4950 for Nifty and 16358 for Sensex and exactly same happened. Market opened gap up and saw high for the day Exactly near EquityPandit’s predicted resistance levels of 4907-4950 for Nifty and 16358 for Sensex. Finally market closed in positive region with gap.

Today: Market likely to open flat. Technically, Indian stock market has entered that region of consolidation. Market may remain in the nearby region for some time and would see profit booking at higher levels. Nifty may achieve levels of 5000 in next few days. Since Diwali is approaching, Indian Stock market may see some positive trends irrespective of Global worries. 4800-4740 may act as strong support levels whereas 5005-5040 may act as strong resistance for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16233) The support for the Sensex is 15850-15985 and the resistance to the up move is at 16504-16700.

NSE Nifty: (4888) The support for the Nifty is at 4800-4720 and the resistance to the up move is at 5005-5040.

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