Last Trading Session:  EquityPandit predicted that market would open positive and would see immediate support at 5100 and immediate resistance at 5175 levels for Nifty. Market opened positive with 100 points for Sensex and 25 points for Nifty but since market had strong resistance of 5175 levels for Nifty, it rebounded from nearby levels to close in negative region.

Today: Market likely to open gap negative with atleast 70-90 points down for Nifty and 250-300 points down for Sensex. Technically, Indian Stock Market possesses immediate support at 5040-5025 and strong support at 4950 for Nifty. Nifty see immediate resistance at 5140-5175 and strong resistance at 5200-5230. US companies bad quarterly results may also hinder Indian Stock market to some extent. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17025) The support for the Sensex is 16667-16496 and the resistance to the up move is at 17195-17247-17358.

NSE Nifty: (5118) The support for the Nifty is at 5040-5025-4950 and the resistance to the up move is at 5140-5175-5200.

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