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Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive bias and then some downtrend can be seen due to global worries but would be followed by reaction (positive rally may be seen) with strong resistance at 5300 levels for Nifty and 17504 levels for Sensex and exactly same happened. Market opened positive and then moved down due to global worries as predicted by EquityPandit. Market saw strong support at EquityPandit’s predicted support levels of 5210 for Nifty and a sharp reaction (positive rally) was seen from there, which took market to EquityPandit’s predicted resistance levels of 5300 for Nifty, where strong resistance was seen and market closed just below those resistances.

Today: Market likely to open flat with negative bias. Now we are entering into F&O Expiry week and market is sure to see huge volatility. Market is in consolidated region, where a breach of 5210 levels for Nifty can slide market into sharp negative region. Overall market is positive and 5350 levels can be seen in days to come which would act as resistance for Nifty. 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: (17362) The support for the Sensex is 17100-16950 and the resistance to the up move is at 17504-17630.

NSE Nifty: (5278) The support for the Nifty is at 5210-5170-5080 and the resistance to the up move is at 5350.

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