Last Trading Session:  Exactly As predicted by EquityPandit that Market likely to open flat with 4650 as a support level for Nifty and 15470 for Sensex and would see sharp short covering rally on F&O Expiry day. Exactly same happened as predicted. Market opened flat with 1 point positive for Nifty exactly as predicted and saw a sharp negative trend from there. Market saw strong support at Equitypandit’s predicted levels of 4650 for Nifty and 15470 for Sensex and retreated from there seeing a sharp short covering rally to 4767 levels for Nifty as per our prediction. Finally market ended positive for the day.

Today: Market likely to open flat. Technically, Market is still weak but may see some further positive trends upto 4800-4855 levels for Nifty due to momentum but it would be temporary as overall market is weak and fragile. Nifty now possess immediate support at 4700-4642 levels and would see immediate resistance at 4800-4855 while strong resistance may be seen at 4934 levels for Nifty. 4700 is important level to watch for and trade should be done accordingly. Longs can be done until 4700 holds for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (15858) The support for the Sensex is 15600-15470-15320 and the resistance to the up move is at 16044-16212-16297.

NSE Nifty: (4756) The support for the Nifty is at 4700-4650-4500 and the resistance to the up move is at 4800-4855-4934.

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