Last Trading Session: As predicted by EquityPandit, that market would see gap positive opening and same happened. Market opened gap positive opening but then sharply fell down due to worst European cues. Finally market closed with minimal negative trends.

Today: Market likely to open flat. EquityPandit’s target of 5000 achieved and Next target would be 5080 for Nifty. Technically Indian stock market has strong support of 4900-4850 and strong resistance of 5080-5100. But we would say that today is the day for Infosys, which is going to disclose its Q2 earnings. Today would be the “Make or Break day” depending upon the results of Second Largest Indian Software company. EquityPandit expects positive results for Infosys due to increase in Dollar prices for Q2. Market expects 9.8-10% increase in its Q2 earning and if number are far less than market will fell down sharply else positive trends would be seen. Finally, these numbers would decide the market direction. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16536) The support for the Sensex is 16230 and the resistance to the up move is at 16700-16858-16985.

NSE Nifty: (4974) The support for the Nifty is at 4900 and the resistance to the up move is at 5040-5080-5100.

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