Last Trading Session: Exactly as predicted by EquityPandit that market would see immediate supports at 5170 levels for Nifty and a positive reaction is expected in a day or two and exactly same happened. Market opened flat and went down near EquityPandit’s predicted support levels of 5170, from where it rebounded as predicted by EquityPandit and saw a positive reaction. Finally market ended positive for the day.

Today: Market likely to open flat. Market likely to see further positive trends (Reactions) but would be limited to 5280-5300 levels for Nifty as it possess strong resistance at these levels. 5180 would act as strong support levels for Nifty, which if got breached, can drag market down to 5135 levels for Nifty. Traders are suggested to wait for F&O Expiry before entering into bigger trades. Investors can consider every downtrend as an opportunity to invest as this downtrend is very temporary in nature. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (17207) The support for the Sensex is 17050-16970 and the resistance to the up move is at 17380-17504.

NSE Nifty: (5223) The support for the Nifty is at 5180-5135 and the resistance to the up move is at 5280-5300.

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