Last Trading Session: As predicted by EquityPandit that market would be considered positive until 5000 levels holds for Nifty and can move on positive side anytime and same happened. Market totally surprised everybody with the positive movement and breaching the resistance levels of 5165, with force and moving to strong resistance of 5200 due to strong momentum. Market finally closed just below.

Today: Market likely to open flat. Market has seen a transition from weak to strong sentiments today. Now market can be considered strong and next target of 5240-5275 looks achievable in upcoming days. Nifty posses support at 5074 and resistance to move up would be seen at 5240-5275 for Nifty. Fresh buying had been seen in last trading session, which can lead market further but profit booking can’t be ruled out as Nifty needs to develop a strong support at these levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. Traders can take help of EP-F&O Special Package or EP-Basic Package to earn huge profits in any market direction.

BSE Sensex: (17194) The support for the Sensex is 16985-16850 and the resistance to the up move is at 17258-17350-17530.

NSE Nifty: (5199) The support for the Nifty is at 5074 and the resistance to the up move is at 5215-5240-5275.

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