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Last Trading Session: Market opened flat as expected by EquityPandit and from there it went up sharply breaking the support levels of 5300 and 5340 for Nifty. Finally market closed in gap positive region.
Today: Market likely to open flat. Technically, breaching the levels of 5340, Market had generated a buy signal and we can see further positive movements in days to come. The crucial levels to watch would be 5300 as it had evolved into strong support levels. Next target for Nifty would be 5400-5425 levels and would be considered as resistance levels for Nifty. Market would see some sideways movements and small profit booking at every positive movement can’t be ruled out. 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-Basic Package to earn consistent daily profits in any market direction.
BSE Sensex: (17602) The support for the Sensex is 17480-17310-17200 and the resistance to the up move is at 17870-18040.
NSE Nifty: (5365) The support for the Nifty is at 5300 and the resistance to the up move is at 5400-5425.
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