Last Trading Session:  Exactly as predicted by EquityPandit that market will open flat with negative bias and would swing between support levels of 4742 and resistance levels of 4859 for Nifty and exactly same happened. Market opened flat with negative bias, and moved down near EquityPandit’s predicted support levels from where it moved up sharply near EquityPandit’s predicted resistance levels of 4859. Market swing between EquityPandit’s predicted support and Resistance levels for the whole trading session. Finally market closed in positive region developing hopes.

Today: Market likely to open gap positive. Technically market is positive now and may touch our next targets of 4930 and 4980 in upcoming days. Nifty posses immediate support at 4800 levels and strong support at 4750 levels. Resistance to upmove may be seen at 4907-4930-4980 levels for Nifty. Traders can go long until 4800 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: (16123) The support for the Sensex is 15950-15850-15640 and the resistance to the up move is at 16358-16504-16600.

NSE Nifty: (4832) The support for the Nifty is at 4800-4750 and the resistance to the up move is at 4907-4930-4980.

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