Last Trading Session:  As predicted by EquityPandit that Market likely to open negative and would see strong support at 4840-4825 for Nifty and 16162 for Sensex and same happened for first half session. Market opened negative and went down seeing support at 4840-4825 for Nifty and near 16162 for Sensex but Negative opening of European market and sharp down fall in European market has worsen Indian Market condition and instead of retreating from there, Indian Market saw a free fall breaking all the support levels.

Today: Market likely to open flat. Technically, Market is over stretched and still looks weak on charts but can see short covering at any time now. But beware as 4748 is immediate support and 4720-4700 are strong support levels for Nifty which should not breach in any case and if breached than we can possibly see sharp down fall for a prolonged period. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (15946) The support for the Sensex is 15760-15600 and the resistance to the up move is at 16044-16256-16370.

NSE Nifty: (4778) The support for the Nifty is at 4748-4720-4700 and the resistance to the up move is at 4840-4890-5000.

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