Last Trading Session:  As predicted by EquityPandit that Market likely to open negative with atleast 30-50 points for Nifty and 80-100 points for Sensex with weak sentiments on charts and same happened. Market opened nearly 50 points negative for Nifty and exactly 80 points negative for Sensex as per EquityPandit’s prediction. Market fell down sharply from there due to weak sentiments and breached EquityPandit’s predicted support levels of 4700 confirming a prolonged negativity. Finally market saw short covering rally and closed just above EquityPandit’s predicted resistance levels of 4700 for Nifty.

Today: Market likely to open flat. Technically, Market has shown its weakness by breaching strong support levels of 4700 and has breached 2 years low today. Market is now very weak and Euro zone worries and Chinese crisis are adding further weakness to global market. Since today is F&O Expiry day, market would be highly volatile too and may see some short covering but would be temporary. Traders are suggested to wait and watch for a day to avoid any kind of losses. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (15700) The support for the Sensex is 15470-15320-15100 and the resistance to the up move is at 15994-16044-16212.

NSE Nifty: (4706) The support for the Nifty is at 4650-4500 and the resistance to the up move is at 4800-4855.

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