Last Trading Session:  Exactly as predicted by EquityPandit that Market likely to open with negative bias and is still weak. EquityPandit also predicted that now Market can slide down to 4980 levels for Nifty and and then some short covering session may be seen and exactly same happened. Market opened negative and slide down near EquityPandti’s predicted levels for Nifty and Sensex, from where it saw strong short covering session to close market marginally lower.

Today: Market likely to open negative. Technically market is still weak but 4985 would act as strong support for Nifty and market can probably see some short covering. Market has now entered into consolidated region, and hence would see sideways movement. Traders can trade long until 4985 holds for Nifty but long only near 4990 levels for Nifty or take help of professional services of EP-Basic Package from EquityPandit. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16883) The support for the Sensex is 16828-16744-16624 and the resistance to the up move is at 17085-17113-17280

NSE Nifty: (5030) The support for the Nifty is at 4985 and the resistance to the up move is at 5065-5142-5225.

Note: If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com

Premium Subscription Pricing details can be seen at Pricing