Last Trading Session:  Exactly as predicted by EquityPandit that Market will open positive with 60 points for Nifty and 180 points for Sensex and would see support at 5140 for Nifty and 17096 for Sensex and exactly same happened. Market opened positive with exactly 60 points for Nifty and 180 points for Sensex as predicted by EquityPandit like a dot and saw high at EquityPandit’s predicted resistance levels of 5225. Market moved down sharply from 5225 as expected and saw support at EquityPandit’s predicted support levels of 5140 for Nifty and 17096 for Sensex like at dot. Finally market closed in Negative.

Today:Market likely to open negative with 15-35 points for Nifty and 60-90 points for sensex. Technically, now market may be in troubled structure for prolonged period. Market would be considered weak until 5225 is breached on positive side. Some short covering may be seen but, if market breached 5140 by today’s close than probably, we may again see sideways movement between 5000-5140 for Nifty for next couple of days. Traders can go short until 5225 levels are breached on positive side for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17118) The support for the Sensex is 17096-16985-16800 and the resistance to the up move is at 17350-17480-17640

NSE Nifty: (5148) The support for the Nifty is at 5140-5100-5160 and the resistance to the up move is at 5225-5300.

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