Last Trading Session:  As predicted by EquityPandit that market may see some short covering due to momentum from the levels of opening but it would be temporary as overall market is weak and fragile and would see support near 4700 levels for Nifty and 15600 levels for sensex and same happened. Market opened negative and seen strong short covering after opening but finally as per expectation, market again went down sharply and saw strong support near EquitPandit predicted support levels of 4700 for Nifty and ended in red near our support levels.

Today: Market likely to open positive with atleast 70-90 points for Nifty and 200-240 points for Sensex. Technically, Market is still weak but may see some further positive trends upto 4800-4855 levels for Nifty due to momentum. 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: (15695) The support for the Sensex is 15600-15470-15320 and the resistance to the up move is at 15985-16044-16212.

NSE Nifty: (4710) The support for the Nifty is at 4700-4642-4600 and the resistance to the up move is at 4800-4855.

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