Last Trading Session:  As predicted by EquityPandit that Market likely to open negative with 40 points for Nifty and would see strong supports between 4870-4825 levels for Nifty and 16370 for Sensex and exactly same happened. Market opened 40 points negative for Nifty exactly as per EquityPandit’s prediction and achieved downside target of 4870 for Nifty as predicted. Finally market saw some short covering and closed exactly above our support of 16370 for Sensex.

Today: Market likely to open negative. Technically, now market is overstretched and would see huge volatility due to F&O Expiry week. Now market may see some positive rally till 5000 levels for Nifty in next 3 days. Nifty possess immediate support at 4870 and strong support at 4840-4825 levels with resistance at 5000-5065 levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16371) The support for the Sensex is 16280-16162-16040 and the resistance to the up move is at 16540-16600-16756.

NSE Nifty: (4906) The support for the Nifty is at 4870-4840 and the resistance to the up move is at 5000-5065.

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