Last Trading Session:  Exactly as predicted by EquityPandit that market would open positive and our target is 5203 levels for Nifty with 5203-5230 as strong resistance levels for Nifty and same happened. Market opened positive and breached our target with ease, finally saw strong resistance near EquityPandit’s predicted levels of 5230 and closed exactly on EquityPandit’s predicted resistance levels of 5203 like a dot. Sensex also saw high on EquityPandit’s predicted resistance levels of 17350 like a dot.

Today: Market likely to open positive. Technically market can still see some positive trends but traders should remain cautious as from these levels, it can anytime see some profit booking to stabilize as it is over stretched. Nifty possesses strong support at 5140-5174. Nifty see immediate resistance at 5230 and strong resistance at 5300 levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17288) The support for the Sensex is 17064-16984-16840 and the resistance to the up move is at 17442-17530-17647.

NSE Nifty: (5202) The support for the Nifty is at 5175-5140 and the resistance to the up move is at 5230-5300.

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