Last Trading Session:  As predicted by EquityPandit that Market would open negative and would slide down due to skepticism to bad financial market in Europe but would see strong support at 4930 levels for Nifty and exactly same happened. Market opened negative and slide down sharply because of Euro zone economy worries. Market saw strong support at EquityPandit’s predicted support levels of 4930 for Nifty and finally ended just above those support levels.

Today: Market likely to open negative with 40-60 points for Nifty and 150-180 points for Sensex.Technically, Indian Market had entered into weaker region due to huge European economy worries. Complete global market would be negative due to European worries for debt crises, and so would be Indian Market. Nifty posses immediate support at 4870 and strong support at 4818 for Nifty and resistance to upmove may be seen at 5000-5060 levels for Nifty. Investors are suggested to be cautious until crucial summit of European leaders at the end of the week. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. EP-Basic Package of EquityPandit with high accuracy and consistent daily profits to all its subscribers can generate good profits for traders in this type of Market.

BSE Sensex: (16488) The support for the Sensex is 16370-16280-16162 and the resistance to the up move is at 16600-16756-16807.

NSE Nifty: (4944) The support for the Nifty is at 4930-4870-4818 and the resistance to the up move is at 5000-5060.

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